What FASB’s Proposed Cash Equivalent Guidance Means for Digital Asset Holders
FASB’s proposed ASU clarifies when certain digital assets may qualify as cash equivalents
Expertise
Patrick F. McClellan
Manager
CPA, Certified Cryptocurrency Expert, Certified Blockchain Expert, Certified Cryptocurrency Auditor
Biography
Patrick is a Manager in Wolf’s Assurance group, where he delivers tailored audit solutions and leads and supervises audit teams. He orchestrates comprehensive audit engagements from planning through completion, developing strategic work programs, preparing and reviewing work papers, and analyzing financial statements and data.
Patrick is a member of Wolf’s Digital Asset and Blockchain team. He has over 5 years of experience at Wolf, specializing in audits for various privately held and publicly traded digital asset and technology companies, including cryptocurrency exchange platforms, validator networks, and wallet providers.
Involvement
- American Institute of Certified Public Accountants (AICPA)
- Massachusetts Society of Certified Public Accountants (MSCPA)
- Wolf’s Audit Quality Task Force
Education
- Bachelor of Arts from College of the Holy Cross
RESOURCES
Insights & Thought Leadership
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