CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Audit and Ethical Considerations in Cryptocurrency – The Quadriga Quandary

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

Executive Finance Partner Inc.

  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL

Published: July, 2021

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

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

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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

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