Audit and Ethical Considerations in Cryptocurrency – The Quadriga Quandary

  • Accountant
  • CPA (CA)
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: July, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Alternatives
    4 mins
  • Cold Wallet vs Hot Wallet
    13 mins
  • But What's it worth?
    29 mins
  • What would you do if you were Gerry Cotton?
    40 mins
  • Do I carry on with this company and become CFO?
    56 mins

Course Description

Cryptocurrencies, such as Bitcoin and Ethereum, are just two of thousands of emerging solutions to create frictionless global transactions between counterparties.  Additionally, cryptocurrencies are positioning themselves to become the “new gold” of the modern world as a store of value and immune from geo-political risk.

 

The rise and fall of cryptocurrency prices have not deterred interest in the technology or the space, but is leading to ever more practical, accessible and useful applications of blockchain technology.

 

This online CPE course uses several case studies to illustrate the audit and ethical considerations in the newly emerging sector.  Few accountants and auditors are conversant with cryptocurrency technology and this continuing education course is designed to improve your level of awareness and deepen your understanding of issues associated with issuing an audit opinion for clients in this space.


Major topics covered in this online CPE webinar:


  • Cryptocurrency the Business
  • Cryptocurrency 101
  • Blockchain 101
  • The Rise of Cryptocurrency
  • Audit Client Acceptance Issues
  • Quadriga Quandary: An Ethical Dilemma
  • Unique Audit Risks Arising in Cryptocurrency
  • The Slow Demise of Quadriga
  • The Curious Case of Cotton’s Missing Coins

Click here to access more webinars on Accounting & Auditing | Free CPE webinar | Free Ethics Webinar 

Learning Objectives

  • To describe the applications of cryptocurrency and blockchain technologies 
  • To identify the audit consideration factors for client acceptance and continuance
  • To identify and address specific audit risks unique to cryptocurrency transactions and balances
  • To discuss ethical issues arising that may arise while working in a new sector that has few regulations and undefined rules.
  • To recognize the role of miners in cryptocurrency
  • To identify characteristics of blockchain technology speaks to the inability of any one person to change a transaction on the blockchain
  • To describe QuadrigaCX's core business purpose
  • To identify a key audit risk for a client engaged in cryptocurrency transactions

Recommended For

  • This online CPE webinar for CPAs is recommended for internal as well as external auditors interested in improvising their level of awareness and deepen their understanding of issues associated with issuing an audit opinion for clients in this space

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Forensic Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1.5 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1.5 CPE Credit for Internal Audit Practitioner (IAP)
  • 1.5 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1.5 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 1.5 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 1.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1.5 CE Credit for Certified Wealth Strategist (CWS)
  • 1.5 General Credit for Accountant/Bookeeper
  • 1.5 CPD Credit for CA - ICAEW
  • 1.5 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1.5 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1.5 CPD Credit for Chartered Accountants - Scotland
  • 1.5 CPD Credit for CPA - Ireland
  • 1.5 CPD Credit of Auditing for Chartered Professional Accountant (CPA Canada)
  • 1.5 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 1.5 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1.5 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1.5 CPE Credit for Certified Government Auditing Professional (CGAP)
  • 1.5 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1.5 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 1.5 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)

Additional details

  • Course Level :
    Basic
  • Credits :
    1.5
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Blair Cook, CPA (US), CA - ICAEW, MBA

Partner, Executive Finance Partner Inc.

Blair is a many-time and active financial executive, corporate director, author, speaker, and thought leader.  His educational videos of accounting and finance have million of views on YouTube. He has keynoted and spoken at national conferences from New York to Toronto. Along with Jen, he co-hosts CPA Canada’s podcast series “CPA Success Podcast.” He works with real businesses experimenting with theories and best practices to share his experiences and stories with others of what works, what doesn’t, and what was learned.  He is the author of The Illiterate Executive: An Executive’s Handbook for Mastering Financial Acumen.


About Company

Executive Finance Partner Inc.

www.executivefinance.ca/

Executive Finance Partners is a globally focused professional development, strategic consulting, and thought leadership firm. We are a group of passionate financial executives and professional corporate directors focused on development of aspiring finance executives.

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