Webinar (AICPA): The Potential of Blockchain

Description

This webcast will focus on demystifying the blockchain technology by helping you understand the benefits and opportunities of blockchain technology, and preparing you to weigh the risks and challenges as you consider implementing this technology within your organization. In addition, this webcast focuses on current overall blockchain trend and some potential affects to the practitioner.

Learning Objectives

When you complete this webcast, you will be able to:

• Identify the four characteristics of the Bitcoin blockchain.

• Recall the three parts of a zero-knowledge proof, what the concept solves, the security breakthrough, and the non-financial benefits.

• Recognize how blockchain provenance affects supply chain and the paradigm shift from the push supply chain to the pull demand chain as well as the benefits of decentralized file storage and prediction markets.

• Recall the most significant problems with digital identity and know-your-customer (KYC) regulations, how blockchain shifts control of identities back to the individual and solves the identity fraud problem while saving billions of dollars.

• Distinguish the industry specific applications of blockchain especially for accounting, tax and legal including the single entry accounting limitation of existing blockchains.

• Distinguish between risks associated with human factors and risks outside the control of the person or organization.

• Identify regulatory risks, standards, and legality associated with blockchain and cryptocurrency adoption.

• Recall how key management is critical for securing cryptocurrency and how it relates to legacy risk and long-term security.

• Recognize how governance, consensus, and fork and chain splits risks are related to one another and the challenges of managing chain split coins.

• Identify risks that are future focused.

• Identify limitations of blockchains and their solutions.

• Recall how the internet of things (IoT) will increase an auditor’s scope.

• Recall the value propositions and accounting challenges of stable coins and privacy coins.

• Recognize how mechanized proofs solve security issues with smart contracts and reduce risk for end users.

• Recall the benefits and challenges of initial coin offerings.

Major Topics

Topics Discussed

• Characteristics of Bitcoin blockchain

• Zero-knowledge proof

• Blockchain provenance and the affect to the supply chain

• Issues with digital identity and know-your-customer regulations

• Industry specific applications of blockchain

• Risks with human factors vs. risks outside control of a person

• Regulatory risks, standards and legality related to blockchain and cryptocurrency

• Management role in securing crytocurrency

• Relation among risk of governance, consensus and fork and chain splits

• Future risk related to blockchain

• Limitation and solutions of blockchain

• Internet of things and increase of auditor’s scope

• Accounting challenges of stable and privacy coins

• Security issues with smart contacts

• Benefits and challenges of initial coin offerings

Provider
AICPA
Course Level
Basic
CPE Field of Study
Information Technology
4.5
Who Should Attend
Non-IT finance professionals, CFOs, controllers, management accountants, public accountants, partners, staff, managers and internal auditors
Instructor(s)
Amy Vetter
Location
Webinar
Register Now
When
Nov 13, 2019
8:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4.5
Format
Webinar
Instructor
Amy Vetter

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Webinar (AICPA): The Potential of Blockchain


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