Memorandum of Understanding between SCAAK and Global DCA

2021-04-06 - 03:42

SCAAK aims to develop and advance the profession by following global trends.

Rapid global changes also have a significant impact on the work and role of accounting and auditing professionals that requires adaptation of their knowledge, work and approach to these trends.

The changes developing rapidly in the accounting and auditing industry in the new decade mostly revolve around technology. Digital technology is creating a new way of working for accountants and auditors, including blockchain technology and its impact on financial reporting and auditing.

In this regard, in order to raise awareness of the latest developments in digitalization and technology, the Society of Certified Accountants and Auditors of Kosovo (SCAAK) has signed a memorandum of understanding with the Global Digital Asset & Cryptocurrency Association (Global DCA).

Global DCA is a global self-regulatory association for the digital asset & cryptocurrency industry. The emergence of digital assets, cryptocurrencies, and their underlying blockchain technology is rapidly transforming the global monetary system.

Global DCA was established to guide the evolution of this new technology within a regulatory framework designed to build public trust, foster market integrity and maximize economic opportunity for all participants. By devising standards and consensus-based solutions, the Global DCA will address the major challenges facing the digital asset and cryptocurrency industry.

SCAAK and Global DCA will jointly engage in dialogue on key issues on the subject of digital assets, decentralized finance and other related subjects as well as conduct joint activities including conferences, webinars, research, and/or policy roundtable discussions.