Overview:
Cryptocurrency is a digital or virtual currency designed to function as a medium of exchange. It utilizes computerized encoding and decoding technology to secure and verify transactions, and control the creation of new units. This webinar will:
- Explain cryptocurrencies and the technologies behind them
- Show how to use a digitized and decentralized public ledger, known as a blockchain, to accurately and chronologically keep track of transactions without central bookkeeping
- Discuss the impact of cryptocurrencies and blockchain technology in finance and accounting
- Explore audit considerations and risk assessments
Objective:
To help accountants and financial professionals gain a strong understanding of cryptocurrencies, the new blockchain technology supporting them, and the role they’ll play in our capital markets.
Emphasis:
- Defining cryptocurrencies and blockchain technology
- Analyzing the anatomy of a cryptocurrency transaction
- Understanding the vocabulary
- Examining the attributes of blockchain technology
- Audit considerations