KPMG helps U.S. cryptocurrency companies comply with reporting standards

ChainCatcher news, the "Big Four" accounting firm KPMG has established a strategic alliance with the crypto accounting software Cryptio to help U.S. crypto companies comply with Generally Accepted Accounting Principles (GAAP). According to the announcement, the KPMG-Cryptio strategic alliance aims to establish control measures within cryptocurrency companies to better account for their crypto assets. Through this collaboration, crypto-related businesses and institutions can use Cryptio's accounting software to fulfill their GAAP accounting and reporting obligations in the U.S.