2022 A CPA's Guide to Crypto Currency WEBCAST

Overview

Crypto currency is likely here to stay. Businesses and consumers across the globe are quickly adopting cryptocurrencies in day-to-day transactions. And many organizations, and their accountants, are scrambling to catch up with this evolving technological innovation. In this course, we will explore the world of crypto currency from an accountant’s perspective to understand the various forms, risks, accounting treatments and enforcement trends. As adoption continues, it’s critically important that accounting professionals understand this new medium of currency and what responsible adoption looks like for the companies, large and small, that they serve.

Highlights

History of cryptocurrencies. Forms of Cryptocurrency. Trading Crypto how to. Fiat vs. non-fiat currency. Balance sheet considerations. Fraud risks and regulatory enforcement trends. Legislative update. Advising clients on Crypto.

Prerequisites

None.

Designed For

Accountability professionals working with government contractors, CPAs with government contractor clients and CPAs interested in learning how to add CMMC advisory and assurance services as new practice offerings.

Objectives

Define and learn the history of cryptocurrencies, explain various forms and how crypto is traded. Differentiate between Fiat vs non-fiat currency. Knowledge of balance sheet considerations such as where does crypto sit, fraud risks, and regulatory enforcement trends. Create awareness of Legislative discussions about formal federal regulation. Explain how to comply with the IRS and advice CPAs can give their business clients.

Preparation

None.

Notice

None.