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The world is currently witnessing rapid growth and increasing adoption of cryptocurrencies, necessitating special accounting attention to keep pace with this ongoing technological advancement—particularly in the absence of a dedicated accounting standard for such currencies. Accordingly, this study aims to examine the feasibility of applying International Accounting Standards (IAS) to account for cryptocurrencies within the context of digital business models and to investigate the impact of such application on the quality of accounting information reported about these currencies. To achieve the study's objectives, the researchers utilized a questionnaire distributed to a sample of 320 academics and professionals from various countries in the Middle East. Based on statistical analysis using SPSS, the study concludes that, in the absence of a specific international accounting standard for cryptocurrencies, it is appropriate—according to the surveyed participants—to account for such assets using the current international accounting standards within relevant digital business models. However, the study also finds that this accounting approach adversely affects the quality of information reported on cryptocurrencies.

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The Suitability of Accounting for Cryptocurrencies Under International Financial Reporting Standards and Its Impact on the Quality of Accounting Information Within Digital Businesses Models: A Field Study of Academic and Professionals in the Middle East

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  • 发表日期：

    2026年

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  • Ziad Mohammad Roustom,
  • Salman Alhakeem,
  • Samer Msallam Shawqal

摘要

The world is currently witnessing rapid growth and increasing adoption of cryptocurrencies, necessitating special accounting attention to keep pace with this ongoing technological advancement—particularly in the absence of a dedicated accounting standard for such currencies. Accordingly, this study aims to examine the feasibility of applying International Accounting Standards (IAS) to account for cryptocurrencies within the context of digital business models and to investigate the impact of such application on the quality of accounting information reported about these currencies. To achieve the study's objectives, the researchers utilized a questionnaire distributed to a sample of 320 academics and professionals from various countries in the Middle East. Based on statistical analysis using SPSS, the study concludes that, in the absence of a specific international accounting standard for cryptocurrencies, it is appropriate—according to the surveyed participants—to account for such assets using the current international accounting standards within relevant digital business models. However, the study also finds that this accounting approach adversely affects the quality of information reported on cryptocurrencies.