Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

March 18, 2019

The Problem With ‘It’s Blockchain But Not Crypto’

As we build our new Blockchain practice, I keep on hearing the phrase “it’s blockchain, but not cryptocurrency” in an attempt to satisfy business audiences that you are talking about something “corporate legitimate.”  The premise with “blockchain but not Bitcoin” is that we could get the clean, green pastures of a controlled enterprise blockchain with …

March 6, 2019

Debunking Common Misconceptions About Auditing Digital Assets

When talking with audit professionals, we have noticed a few misconceptions about auditing digital assets that are worth discussing. The most prominent misconceptions relate to proving ownership and confirming transaction details of digital assets (typically cryptocurrencies) as part of a financial statement audit. We have heard the following assumptions that may seem reasonable at the …

July 23, 2018

Tax Considerations for Successful ICOs

As cryptocurrency companies plan to raise capital through initial coin offerings (ICOs), it’s vital for them to evaluate the tax implications. This preparation will help ensure that common misconceptions about ICO taxation don’t result in unexpected costs that hamper the company’s ability to survive and grow. The most important tax consideration to understand is that, …

June 19, 2018

Financial Infrastructure Is Key for Cryptocurrency Company Success

As cryptocurrencies gain traction toward mainstream adoption and acceptance, companies in the cryptocurrency ecosystem must balance an influx of revenue and fast growth with the challenges of building a financial infrastructure capable of supporting their changing needs. Whether they’re a cryptocurrency exchange, a company funded through an initial coin offering (ICO), a platform or technology …

May 21, 2018

How Blockchains Achieve Consensus: Proof of Work vs. Proof of Stake

The use cases for blockchain are now being recognized as a truly viable option for future technologies. This stems from its inherent characteristics of immutability, security, traceability, anonymity and trust. Blockchain maintains these characteristics by achieving “consensus,” meaning agreement between all users or nodes within the network. How does a blockchain achieve this critical consensus? …