| 摘要(英) |
In the past, the recognition, measurement and disclosure of cryptocurrencies lacked a specific standard, leading to the use of existing accounting standards that may not reflect the economic reality. With the development of cryptocurrencies, the Financial Accounting Standards Board (FASB) began developing new standards for cryptocurrency accounting and disclosure in late 2022 and issued the proposed Accounting Standards Update, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets in March 2023.
This study investigates the disclosures in current practice and examine their consistency with the new cryptocurrency standards by using U.S. public companies that mention the cryptocurrency keywords in their financial statements as the sample. Furthermore, this study explores the perspectives of accountants, directors, analysts, and institutional investors with relevant expertise to determine whether the cryptocurrency information disclosures align with the new requirements. The findings indicate that companies holding cryptocurrencies disclose significantly more cryptocurrency-related information than those not holding cryptocurrencies. However, the adoption of different accounting policies does not have a significant impact on the extent to which companies disclosed cryptocurrency-related information. In addition, some items more likely to be disclosed when companies’s directors have cryptocurrency background or auditors list the crypocurrency issue as a critical audit matter, but they are not not required in the new standards. The results suggest that companies should still consider disclosing such information. |
| 參考文獻 |
Jocelyn，2022，FTX 債權人恐超過 100 萬人，影響規模較原預期更大，引用自https://www.inside.com.tw/article/29677-ftx-over-1-million-creditors (June 30, 2023)
Wu, N.，2022，全面稽查》SEC 要求上市公司「應揭露加密貨幣風險」、回報相關業務往來，引用自 https://www.blocktempo.com/sec-calls-on-firms-to-disclose-their-cryptoexposure/ (June 30, 2023)
Preface，2022，FTX破產5日蒸發320億美元 創辦人Sam Bankman-Fried 身家清零拖累加密貨幣市場 FTX 事件懶人包全整理，引用自https://www.preface.ai/blog/trend/ftx-%e4%ba%8b%e4%bb%b6/ (June 30, 2023)
王韶濱與許明曄，2011，資訊透明度與財務分析師預測行為，當代會計，第12卷第2期：115-148。
中華民國會計研究發展基金會，2022，加密貨幣交易會計處理之指引，引用自https://www.ardf.org.tw/cpa6.html (June 30, 2023)
余曉惠，2021，比特幣衝破 6.7 萬美元！攜以太幣創歷史新高，引用自
https://news.cnyes.com/news/id/4765112 (June 30, 2023)
紀泳瑜，2020，投資熱潮持續升溫！企業持有的加密貨幣，應歸屬何種會計科目？，引用自 https://blockcast.it/2020/12/14/appworks-accounting-for-cryptocurrencies/ (June 30, 2023)
郭柏如，2017，加密貨幣（Cryptocurrency）的會計處理，引用自
https://www.pwc.tw/zh/services/fs/practices/fs-practices-180511.html (June 30, 2023)
黃海寧與韓沂璉，2019，淺談加密資產之會計議題，會計研究月刊，第 406 期：50-56。
許毓仁，2022，加密貨幣的歷史拐點到來了，引用自https://www.businesstoday.com.tw/article/category/183025/post/202204060023/ (June 30, 2023)
蕭美惠、陳怡均與林國賓，2022，FTX 撼動全球幣圈 一文看懂破產事件始末，引用自https://ctee.com.tw/news/global/757581.html (June 30, 2023)
Alvarez, J.W. 2022. FASB Settles on fair-value accounting for measuring crypto assets. The Wall Street Journal. Retrieved from https://www.wsj.com/articles/fasb-settles-on-fairvalue-accounting-for-measuring-crypto-assets-11665614205 (June 30, 2023)
Bitget. 2023. The correlation between cryptocurrency adoption and demographic situations. Retrieved from https://www.bitget.com/en/blog/articles/the-correlation-betweencryptocurrency-adoption-and-demographic-situations (June 30, 2023)
Brickley, J.A., R.C. Lease, and C.W. Smith Jr. 1988. Ownership structure and voting on antitakeover amendments. Journal of Financial Economics 20 (1-2): 267-291.
Frank, R. 2021. Millennial millionaires have a large share of their wealth in crypto, CNBC survey says. CNBC. Retrieved from https://www.cnbc.com/2021/06/10/millennialmillionaires-have-large-share-of-wealth-in-crypto-cnbc-survey-.html (June 30, 2023)
Financial Accounting Standards Board (FASB). 2021. Invitation to comment—agenda consultation. Retrieved from
https://fasb.org/page/commentletterspage?metadata=fasb_InvitationtoCommentAgendaCo
nsultation_0228221200&PageId=/projects/commentletter.html&pageno=1 (June 30, 2023)
Financial Accounting Standards Board (FASB). 2023. Accounting for and disclosure of crypto assets (formerly known as accounting for and disclosure of digital assets). Retrieved from https://www.fasb.org/Page/ProjectPage?metadata=fasb-Accounting-for-and-Disclosure-ofCrypto-Assets (June 30, 2023)
International Financial Reporting Standards Foundation. (2019).Tentative agenda decision and comment letters—holdings of cyptocurrencies. Retrieved from https://www.ifrs.org/projects/completed projects/2019/holdings-of-cryptocurrencies/tadholdings-of-cryptocurrencies/ (June 30, 2023)
KPMG. 2020. Institutionalization of cryptoassets. Retrieved from https://assets.kpmg.com/content/dam/kpmg/us/pdf/2018/11/institutionalizationcryptoassets.pdf (June 30, 2023)
Lang, M. H., and R. J. Lundholm. 1996. Corporate disclosure policy and analyst behavior. The Accounting Review 71 (4): 467-492.
Leopold, R., and P. Vollmann. 2018. A look at current financial reporting issues. Retrieved from https://www.pwc.tw/zh/topics/accounting-new-trend/indepth-201809.pdf (June 30, 2023)
Maurer, M. 2022. FASB to consider setting rules on companies’ crypto accounting, disclosure. The Wall Street Journal. Retrieved from https://www.wsj.com/articles/fasb-to-considersetting-rules-on-companies-crypto-accounting-disclosure11652297711?mod=article_inline (June 30, 2023)
McConnell, J.J., and H. Servaes. 1990. Additional evidence on equity ownership and corporate value. Journal of Financial Economics 27 (2): 595-612.
Nova, A. 2021. Here’s what cryptocurrencies will look like in 50 years according to experts. CNBC. Retrieved from https://www.cnbc.com/2021/07/03/what-cryptocurrencies-willlook-like-in-50-years.html (June 30, 2023)
Pound, J. 1988. Proxy contests and the efficiency of shareholder oversight. Journal of Financial Economics 20 (1-2): 237-265.
Redman, J. 2023. Microstrategy′s bitcoin holdings reach 140,000 BTC after acquiring 1,045 more bitcoins. Retrieved from https://news.bitcoin.com/microstrategys-bitcoin holdingsreach-140000-btc-after-acquiring-1045-more-bitcoins/ (June 30, 2023)
Securities and Exchange Commission (SEC). 2022. Sample letter to companies regarding recent developments in crypto asset markets. Retrieved from https://www.sec.gov/corpfin/sample-letter-companies-regarding-crypto-asset-markets(June 30, 2023)
Wang, C., F. Xie, and M. Zhu. 2015. Industry expertise of independent directors and board monitoring. Journal of Financial and Quantitative Analysis 50 (5): 929-962. |
[Endnote RIS 格式]
[相關文章]
[文章引用]
[完整記錄]
[館藏目錄]
至系統瀏覽論文 (2025-8-14以後開放)
plurk
funp
live
udn
HD
myshare
netvibes
friend
youpush
delicious
baidu
Google bookmarks
del.icio.us
hemidemi
facebook
twitter
google
reddit