New
22WX-3717: The Rise and Fall of FTX: What Happened? (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Friday, February 17, 2023
8:00am - 9:30am Central Time
1.5 CPE (1.5 technical)
The past decade has seen the explosive growth in the cryptocurrency market and the exchange entities that have evolved to facilitate trading in cryptocurrencies. The sudden collapse of the FTX cryptocurrency exchange, as a result of alleged fraudulent activity at the highest levels in history, has exposed the impact of the lack of regulatory compliance in this evolving marketplace. This scenario has created an unprecedented opportunity and responsibility for the CPA profession to educate the public on this "buyer beware" world of digital assets. This presentation will help you understand the underpinnings of the collapse of the FTX exchange.
Major subjects
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Fundamentals of cryptocurrency technology
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How cryptocurrency exchanges work
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De-Fi (Decentralized Finance) - what does it mean
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Bitcoin versus alt coins
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The FTX rise and fall timeline
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Fundamental issues with the FTX business model that caused its collapse
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Internal controls issues with cryptocurrency companies
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Lack of standardized accounting rules in the cryptocurrency industry
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Red flags in the FTX audit reports
Learning objective(s)
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Recognize the fundamentals of how the cryptocurrency marketplace functions
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Identify the fraudulent activities that led to the collapse of FTX
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Identify the internal controls and accounting standards that are lacking in the cryptocurrency industry
Who should take this program?
Anyone who wants to gain a better understanding of the cryptocurrency marketplace from the perspective of what happened at FTX.
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$64.00
(Standard Nonmember Fee).
Members: Please
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to receive member fee.
|
Standard Member Fee |
$64.00
|
 Standard Nonmember Fee |
$64.00
|
