The American Institute of CPAs (AICPA) has updated its criteria for stablecoin reporting to extend beyond reserve disclosures and formally address controls over stablecoin operations.
The revisions sit within the 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens.
The revision introduces Part II: 2025 Criteria for Controls Supporting Token Operations.
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Part I, issued last year, introduced a common structure for issuers to report, at a specific date, the amount of stablecoins outstanding and the assets backing them.
It was intended to reduce inconsistencies in disclosure and give stakeholders clearer information on reserves.
The newly added Part II concentrates on the ongoing risks linked to the operation of stablecoins.
Under the update, the criteria provides a common framework for issuers to identify “risks commonly associated with stablecoin operations” and outline control objectives for assessing both the design and operating effectiveness of those controls.
These apply across “all aspects of those operations over a specified period of time”, the AICPA said in a statement.
The document also introduces implementation guidance “to assist both stablecoin issuers and practitioners in assessing whether controls achieve their stated objectives”, supporting consistent use of the criteria.
AICPA assurance and advisory innovation – digital assets senior manager Di Krupica said: “The AICPA’s update responds to that environment by providing a clear, practical framework for evaluating whether the controls supporting stablecoin operations are designed and operating effectively.”
Earlier this month, the AICPA called on the Internal Revenue Service to establish an automated system for processing deadline extension requests from taxpayers impacted by federally declared disasters.
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