IASB and FASB Projects on Cryptocurrency and Global Accounting Convergence
DOI:
https://doi.org/10.56368/Entrelineas512Keywords:
accounting convergence, accounting standards, crypto-assets, financial information, IASB-FASBAbstract
This article prospectively analyzes the draft standards for crypto-assets currently being developed by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB), assessing their potential for convergence or divergence. Using a qualitative methodology of comparative documentary analysis, the foundations, the documents containing them, and the trajectories of both organizations are contrasted. The results identify a philosophical-institutional contrast: the FASB has implemented a reactive and specific standard (ASU 2023-08), while the IASB maintains a deliberative and generic project. Three critical nodes are identified (definition, measurement, and disclosure), where the IASB's decisions will determine future global comparability. It is concluded that, without an explicit political will toward harmonization, the current institutional architecture makes systemic divergence the most likely scenario, with serious implications for the relevance and comparability of international financial information in the digital age.
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