Working Groups

Working Groups 2019-12-03T13:45:45+00:00

The Accounting Blockchain Coalition was founded with primary goal of creating best practices that address the issues facing the accounting industry. ABC aims to provide its members with the opportunity to change the face of the accounting industry as a whole by contributing their specific expertise in order to help develop best practices when utilizing emerging technologies.

By becoming an ABC member and contributing to one of our four Working Groups, you will have the opportunity to tackle issues and concerns related to your specific industry through collaboration and a shared sense of responsibility.

To become a member of the ABC and begin contributing to one or more of the working groups above, click here. If you are already a member of the ABC and would like to be added to an existing Working Group, please email [email protected] with the interested participant’s email address and preferred Working Group(s).

AUDIT AND ACCOUNTING

Chair: Mark Li, BPM LLP

Co-Chair: Prashant Nisar, RSM US LLP
Co-Chair: Andre Sterley, Mazars USA LLP
Co-Chair: Soma Sinha, Plante & Moran, PLLC

The Audit and Accounting Working Group reviews, discusses, documents, and shares best practices and guidelines on valuation and accounting treatment of digital assets, revenue recognition of digital assets, and asset classification.

INTERNAL CONTROLS

Chair: Bennett Moore, RSM US LLP

The Internal Controls Working Group provides information, analyses, and delivers use cases that focus on the internal tools and solutions companies have to adapt or may need to acquire to meet the updates and changes to information systems around the growing industry. The group also focuses on change management and legal compliance.

REGULATORY COMPLIANCE

Chair: Daniel Morris, Morris + D’Angelo

Co-Chair: Joe McCaffery, Morris & D’Angelo

The Regulatory Compliance Working Group serves as the gateway between ABC and various groups working to advance the industry through advocacy while retaining our policy and practice neutrality. This group reviews, discusses, and shares information and guidance regarding compliance with tax and accounting regulations in a new era of distributed ledger technology, blockchains and digital assets.

TAXATION

Chair: Dmitri Alexeev, BPM LLP

The Taxation Working Group reviews, discusses, documents and shares existing industry best practices for operational process improvement and the tax treatment of digital assets including the impact of token classifications, gains and income from sales/forks/mining, token exchange implications, inventory and valuation methods, tax filings, and jurisdictional variances to get started.