ACCOUNTING AND AUDIT OF DIGITAL ASSETS: MODIFICATION OF REGULATORY AND ACCOUNTING APPROACHES TO IDENTIFICATION AND EVALUATION

Abstract

The subject of the study is the procedure for financial accounting and audit of digital assets, which in recent years have become significant distribution as objects of current business activity. The aim of the study was to analyze Russian and international practice to select the possible approaches of reliable and uniform reflection in the corporate reporting of digital assets and audit methods. The study was carried out during 2022 based on the department of accounting, economic analysis and audit of the Russian Academy of National Economy and the Presidential Service of the Russian Federation (RANEPA). Relevance. The absence of the rules for identifying and classification of digital assets in financial accounting does not allow to correctly reflect in the reports of organizations significant objects. No jurisdiction in the world has accounting standards for digital assets, and the IFRS Foundation only in 2022 set a priority task for developing the rules for accounting for digital assets. The research methodology is based on theoretical and practical methods. An inductive research approach is the desire to understand the nature of the problem related to digital assets. High -quality research method is a subjective assessment of attitudes, expert opinions in the field of digital assets. Practical research methods follow from theoretical and are mainly data collection and their analysis. Based on the results of the study, conclusions were drawn about the need: — for financial accounting for the clarification of the term “digital currency”, established by law, to divide the concepts of decentralized digital currency and the digital ruble of the Central Bank of the Russian Federation; — development of the federal standard of accounting of operations with crypto actures; — distinguish between the issues of accounting for crypto acts for commercial organizations of the real sector of the economy and professional participants in the financial market. Recommended: — before the development of the federal standard, use a single approach to identify crypt-toactics as intangible assets in accordance with the accumulated practice; — creation of publicly accessible terminological reference books in relation to digital assets with regular actualization; — Creating an information resource about digitalization risks.

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