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The recent rise of bitcoin and digital assets has created significant new challenges for auditors. Companies are now entering into business transactions with new assets that have not been clearly defined in the accounting standards. Bitcoin and other blockchain-based digital assets also have a level of pseudo-anonymity that represents a new hurdle as well. As more and more companies make digital assets a part of their business models, this class will provide auditors with the information they need to know.
Learning Objectives:
- Recognize the rise of bitcoin and digital assets and the accompanying challenges for auditors
- Summarize the internal controls necessary with cryptocurrency
- Identify the information auditors will need to know as more companies incorporate digital assets into their business models
You may be interested in reviewing this recording on digital currencies by the presenter here.
Mark DiMichael
Citrin Cooperman
Partner
mdimichael@citrincooperman.com
(212) 697-1000
Mark DiMichael, a partner in the valuation and forensic services department, specializes in litigation support and valuation services. His expertise includes divorce litigation, economic damages analysis, fraud investigation, cryptocurrency, white-collar criminal defense, and business appraisals. Mark has prepared and rebutted expert reports and has experience working with companies in a wide range of industries. He has also provided expert testimony related to economic damages.
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About Our Presenter
Citrin Cooperman is one of the nation’s largest professional services firms. Since 1979, the firm has steadily built its business by helping companies and high-net-worth individuals find practical, actionable solutions to help them meet their short-term needs and long-term objectives. Citrin Cooperman clients span an array of industry and business sectors and leverage a complete menu of service offerings. Citrin Cooperman & Company, LLP (a licensed independent CPA firm that provides attest services) and Citrin Cooperman Advisors, LLC (which provides business advisory and non-attest services) operate as an alternative practice structure in accordance with the AICPA’s Code of Professional Conduct and applicable law, regulations, and professional standards. The entities include more than 400 partners and 2,400 total professionals.
Learn more about Citrin Cooperman here: www.citrincooperman.com
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