The American Institute of CPAs (AICPA) and Wall Street Blockchain Alliance (WSBA), a nonprofit trade association promoting the adoption of blockchain technology across global markets, have created a partnership to define the impact of blockchain technology for the accounting profession and to
Wall Street Block Alliance
advance the interests of both the public and profession in this area.
The collaboration was announced at the fall meeting of the AICPA’s governing Council in San Antonio. As part of the initiative, CPA.com, the technology arm of the AICPA, will administer the WSBA’s working group on tax and accounting, a focal point for advocacy and education on blockchain adoption within the profession.
Other existing WSBA working groups include research and innovation, legal, and technology and product. The working group model is designed to provide a forum for experts to share information, guide advocacy and technical efforts and create broader educational opportunities — such as webcasts, roundtables and other content — to address issues arising from the adoption of blockchain, distributed ledgers and smart contract technologies.
Read the Accounting Today story HERE.