How Blockchain & Digital Assets Will Transform the CPA Profession

Some Key Concepts Covered Include:

Industry Disruption & Strategic Positioning — Critical analysis of blockchain's transformative impact on the accounting profession, distinguishing between accountants who will be blindsided by disruption versus those positioned to capitalize on it, with emphasis on incorporating blockchain accounting as a core service offering for CPA firms.

Blockchain Infrastructure as Native Accounting Systems — Examination of blockchain's fundamental design as an accounting ledger, exploring the tokenization process for onboarding assets, certification and audit requirements prior to blockchain migration, and best practices for new business opportunities in asset digitization.

Audit Revolution & Real-Time Assurance — Comprehensive overview of how blockchain will render traditional audit procedures obsolete, introducing real-time audits, automated reconciliations, fraud reduction through immutable records, enhanced regulatory compliance, and the evolution of the auditor's role with blockchain explorer tools for transaction tracing.

Automated Tax Compliance & Digital Estate Planning — Forward-looking exploration of real-time remittance systems for sales tax, payroll tax, and income tax through blockchain automation, analysis of hard fork airdrop compliance scenarios, strategies for maximizing on-chain value while maintaining tax compliance, and the future of digital estate distribution.

‍Professional Transformation & Workforce Readiness — Strategic preparation for technology adoption's "suddenly" phase, addressing the urgent need for un-skilling outdated practices and re-skilling accountants in blockchain technologies to remain relevant, with emphasis on why blockchain literacy must become core subject matter expertise for the profession's survival.

This course helps learners gain a better understanding of what the future holds and how blockchain is transforming the Accounting industry as well as the role of the individual accountant. Furthermore, the course provides additional insights into how Blockchain has evolved thus far and how it will continue to do so in the future.

In this final course, we cover some of the concepts learned in the prior three courses and explore examples of how blockchain technology may radically transform the accounting profession in the future. It’s important to know that most accountants will not be on the right side of this disruption. This course will take you down a path that will allow you to ride the wave of disruption instead of being blindsided by it.

CPE Version: Upon successfully completing this course and passing the Final Assessment, you will receive 2.5 Continuing Professional Education credits.