Transforming DAO Treasuries Reporting in Web3: Advancing Accounting Standards for Clarity and Consistency
IFRS is currently adopted in 144 jurisdictions as a financial reporting standard.
IFRS follows a PRINCIPLES-based approach.
In the USA, GAAP (Generally Accepted Accounting Principles) follows a RULES-based approach.
Neither US GAAP nor IFRS prescribes the treatment of native tokens in #DAO treasuries.
(IFRS = International Financial Reporting Standards).
The Journal of The British Blockchain Association is publishing ground-breaking work that is paving the way for standards-setting in the Web3 economies.
Explore In-Depth Peer Reviewed Research Here: 👇
