The first half of this course will cover the new Cybersecurity Maturity Model Certification. Cyber threats have impacted every aspect of our corporate and personal lives in the past few years. To better address these cyber risks, the Department of Defense (DOD) is establishing the Cybersecurity Maturity Model Certification (CMMC). This certification will be required for most DOD vendors as well as their subcontractors. CMMC is also being cited as a model for use by other federal agencies and the private sector to better secure their vendors and supply chains against cyber risks. The presenters will provide perspectives on issues and challenges related to the CMMC process and provide tools and resources to help you understand how to plan for and respond to CMMC requirements. The second half of this course will cover crypto currency. 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. We will explore the world of crypto currency from an accountant’s perspective to understand the various forms, risks, accounting treatments and enforcement trends.
The current and planned requirements for CMMC. The relationship between CMMC and other compliance requirements. The two components of CMMC: implementation and third-party assessment. Types of entities that may be subject to CMMC requirements and the types of organizations available to assist in meeting those requirements. Steps that your organization (or your clients) can take now or may in the future be required to take to address CMMC. Potential expansion of CMMC-type requirements beyond the defense industrial base. 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.
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.
Understand the current and planned requirements for CMMC, the relationship between CMMC and other compliance requirements, and the three certification levels. Learn how to implement CMMC and understand third-party assessment. Have knowledge of the types of entities that may be subject to CMMC requirements and the resources available to assist in meeting those requirements. Understand steps that your organization (or your clients) can take now or may in the future be required to take to address CMMC. Create awareness of potential expansion of the CMMC requirements. 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
C Davis Jr
C. Clinton Davis, CPA, JD, is a partner in the Dallas, Texas law firm of Krage & Janvey, LLP. He is a frequent presenter at continuing education programs for both accountants and lawyers, including not-for-profit organizations, partnership and real estate planning. He is the author of Texas Society of Certified Public Accountants (TSCPA) courses, Fundamentals of LLC and Partnership Taxation, and Tax Planning for Real Estate and Small Business. Clint is Board Certified in Tax Law by the Texas Board of Legal Specialization. He represents numerous pass-through and charitable entities. Clint has served as program chair or presenter on several ACPEN programs in the areas of tax, not-for profit and business entities.
Non-Member Price $300.00
Member Price $250.00