This report explores Initial Coin Offerings (ICOs) and their relationship to professional accountants. ICOs are a new form of fundraising that allows companies to raise capital by selling tokens to investors. However, the lack of regulation and oversight in the ICO market has raised concerns about fraud and security risks. Professional accountants have a crucial role to play in ensuring the integrity and transparency of ICOs. They can provide guidance on the legal and financial aspects of ICOs, as well as help companies comply with relevant regulations. As the ICO market continues to grow, it is important for professional accountants to stay informed and adapt their skills to meet the evolving needs of clients.