Enrolment

Author

Kirk Phillips, CPA, CMA, CFE, CPB

Overview

You will explore the trends for the blockchain technology and discuss how scaling is a major focus for new and existing blockchains. Additionally, this online course describes how many innovations are making financial transactions easier and how accounting and auditing may see more challenges. We will focus on the swing towards blockchain interdependence.

Topic discussed

• Limitations of blockchain
• Distributed ledger innovations
• Stable and privacy coins
• Mechanized proofs
• Initial coin offerings

Learning Objectives

• 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.