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André Sterley | Accounting & Finance Show

Senior Manager, Digital Asset Group Leader
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André is the Practice Leader of the Digital Asset Group at Mazars USA. He assists organizations with accounting, audit and advisory issues relating to crypto assets, blockchain and token sales. Andre is an experienced finance professional with a background in public accounting (US GAAP & IFRS) providing audit, review, accounting and financial due diligence services primarily to startup (Seed / Series A) through established (Series B – D) software and software as a service (SaaS) providers in the digital media, advertising and financial services sectors.
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Cryptoassets: Key Considerations for the Auditor and Accountant Accounting for Digital Assets

Cryptoassets: 3 Key Considerations
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André went on to explain that the role of the auditor will not disappear due to blockchain. Rather, the technology allows the auditor to shift their focus. Digital assets also provide an opportunity for accounting firms to attract Millennial talent, who are embracing the technology and don’t have a mistrust of cryptoassets.

Few hot topics are more forward-looking than digital assets. Buzzwords like blockchain and Bitcoin dominate the media, but André urged the audience, made up mostly of CPAs, to pay more attention to blockchain and digital ledger technologies.

These technologies are going to be vital for accountants and auditors to understand, even as many fear their implementation. André added that blockchain will help auditors, not replace them. For example, blockchain lends itself to lowering the cost of verification, but does not help with valuations. This allows accountants to shift their focus elsewhere.