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Webinar (CPA Crossings): The Rise and Fall of FTX – What Happened?

Description

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.

Learning Objectives

After attending this presentation, you will be able to:

  • Recognize the fundamentals of how the cryptocurrency marketplace functions
  • Identify the fraudulent activities that led to the collapse of FTX
  • Identify the internal controls and accounting standards that are lacking in the cryptocurrency industry
Major Topics

The major topics covered in this course include:

  • Fundamentals of cryptocurrency technology
  • How cryptocurrency exchanges work
  • De-Fi (Decentralized Finance) – what does it mean
  • Bitcoin versus alt coins
  • The FTX rise and fall timeline

  • Fundamental issues with the FTX business model that caused its collapse
  • Internal controls issues with cryptocurrency companies
  • Lack of standardized accounting rules in the cryptocurrency industry
  • Red flags in the FTX audit reports
Provider
CPA Crossings, LLC
Course Level
Overview
CPE Field of Study
Specialized Knowledge and Applications
1.5
Who Should Attend

Anyone who wants to gain a better understanding of the cryptocurrency marketplace from the perspective of what happened at FTX.

Instructor(s)
Tracy Coenen Michael Tucker
Prerequisites

None

Advanced Preparation

None

Location
Webinar
Event Information
When
Mar 2, 2023
11:00 am - 12:30 pm MST
Location
Webinar
Total CPE Credits
1.5
Format
Webinar

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Webinar (CPA Crossings): The Rise and Fall of FTX – What Happened?


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