Cryptonomix

Understanding ASU 2023-08 and Fair Valuing Your Digital Assets

Cryptonomix Episode 25: A Conversation With Mike Andrusko of Centri Business Consulting

In this episode of Cryptonomix, Mark Eckerle speaks with Mike Andrusko, Partner at Centri Business Consulting, an advisory consulting firm that provides companies with a variety of services, including financial reporting, internal controls, technical accounting research, valuation, HR advisory, and more. In this conversation, they examine ASU 2023-08, the new fair value standard for digital assets, challenges with legacy accounting standards, adopting this new standard and its accounting implications, including some pain points upon adoption.