Blockchain Implications for Audit and Assurance Services (BIAAS)

Course Description Schedule Course Outline

Course Overview

AICPA Members, use promo code AICPAFL300 to receive $300 off the event price.

This course is intended to provide accountants, globally, with an understanding of the current leading practices for audit and assurance services associated with entities utilizing blockchain technology. The learner will attain the broad relevant knowledge necessary to explore conducting these services and how the role and responsibilities of a CPA may evolve in the future.

This course is one in a series of courses that will help you gain an understanding of the importance and impact of blockchain on your clients and organization.

Key Topics:

  • Impacts of Blockchain Technology on Audit and Assurance Services
  • Audit Considerations Associated with Digital Assets on the Financial statements

This live event is also offered as a webcast through the AICPA. Register for an upcoming webcast.

Instructional delivery method: Live
Recommended CPE credit: 6
Recommended field of study: Information Technology Audit
Prerequisites: Basic knowledge of blockchain technology
Program level: Intermediate
Advance preparation: None
Important Information on Your CPE Credit

Course Content

During this workshop, you will learn:

  • Auditor’s Lens – Fundamentals of Blockchain Technology
  • Data Reliability, Integrity, and Security of Blockchain Technology
  • Risk Assessments of Blockchain Technology
  • Audit Evidence and Assertions Associated with Blockchain Technology
  • The Future Role of CPAs and the Impact Due to Blockchain Technology

Who should attend

Who will benefit: This program is valuable to anyone who needs to understand the implications of blockchain technology and digital assets on audit and assertions services. This includes:

  • Auditors of businesses, and management of businesses, that are utilizing blockchain technology
  • Auditors of businesses, and management of businesses, that are holding, trading, or issuing digital assets
  • Individuals who are interested in getting a better technical understanding of blockchain technology and digital assets and their impact on a financial audit.

Course Objectives

This course will prepare you to do the following:

  • Recall how a transaction on a blockchain is established and executed, in order to determine data reliability.
  • Recognize how the various types of wallets are created and used in order to prove custody and ownership.
  • Recall how smart contract operations are evaluated in order to verify their claims and functions.
  • Assess a blockchain’s consensus algorithm for reliability of transactions occurring on a blockchain.
  • Assess risks in regard to data input accuracy, regulatory considerations, and identify the users and relevance of a SOC report and when it is appropriate to obtain.
  • Differentiate between the audit evidence, assertions, and related services that may and may not be impacted by blockchain technology.
  • Analyze how audit and assurance services may evolve due to blockchain, including the future role of the CPA

Outline: Blockchain Implications for Audit and Assurance Services (BIAAS)

  • Fundamentals of Blockchain Technology and Auditing Overview
  • Operational Aspects of Blockchain Transactions, Wallets, Smart Contracts and Oracles
  • Data Reliability, Intregrity and Security of a Blockchain
  • Risk Assessment, Security Considerations/ Controls of Blockchain and the Impact on Financial Statements Globally
  • Audit Evidence and Assertions – Existence, Occurrence, Completeness and Obligations
  • Audit Assertions – Accuracy and Valuation
Classroom Training
Modality: C

Duration 1 day

  • United States: US$ 995
Enroll now
Online Training
Modality: L

Duration 1 day

  • United States: US$ 995
Enroll now
Click City Name To Book Schedule
This is an Instructor-Led Classroom course
This is an Instructor-Led Online (ILO) course. These sessions are conducted via WebEx in a VoIP environment and require an Internet Connection and headset with microphone connected to your computer or laptop.
United States
Dec 13, 2018 Dallas, TX 09:00 US/Central Enroll
Dec 13, 2018 Raleigh/Durham, NC 09:00 US/Eastern Enroll
Dec 20, 2018 Online Training 09:00 US/Central Enroll
Dec 20, 2018 San Diego, CA 09:00 US/Pacific Enroll
Jan 10, 2019 Chicago, IL 09:00 US/Central Enroll
Jan 17, 2019 Online Training 09:00 US/Central Enroll
Jan 25, 2019 Sunnyvale/San Jose, CA 09:00 US/Pacific Enroll
Jan 31, 2019 Raleigh/Durham, NC 09:00 US/Eastern Enroll
Feb 7, 2019 New York, NY 09:00 US/Eastern Enroll
Feb 14, 2019 Online Training 09:00 US/Eastern Enroll