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Thursday, May 14, 2020 LiveHudson Chapter

Blockchain Update/Accounting & Auditing Update (E2005159)

8:00 AM - 12:00 PM EDT

Registration: 7:30 AM EDT

La Quinta Inn & Suites

350 Lighting Way
Secaucus , NJ 07094

2 CPE Credits in CS
2 CPE Credits in AA

OVERVIEW

In this meeting, hear updates on SSARS 21 - 24. A new update of blockchain will also be discussed, focused on the use of the technology at an enterprise scale.

BENEFITS

Earn 2 CPE credits in CS and 2 CPE credits in AA.

HIGHLIGHTS

SSARS 21 - 24
Frank R. Boutillette, CPA/CGMA - Withum

This session will review changes brought about by SSARS 21 - 24. We will dive into the requirements for preparation, compilation and review engagements to ensure that you perform efficient and effective engagements. We will cover the different reports and documentation requirements for each level of service.

Blockcahin Update
Sean Stein Smith, CPA, CFE, CGMA, CMA - Lehman College

This session will cover several of the changes and updates that have moved to the forefront in the blockchain and cryptoasset space, including the development of stablecoins, permissioned blockchains, and enterprise applications that continue to move from concept to reality. Breaking down some of the technical updates that have occurred in the space, and including the accounting and attestation implications of these updates and changes, attendees will leave the session better equipped to discuss and explain these trends to colleagues and clients. In addition, this presentation will discuss how internal controls and cybersecurity continue to be influenced and impacted by the growing use of blockchain for enterprise.

Attendees will leave this session with the ability to:

  1. Articulate and explain recent changes and developments related to permissioned and enterprise blockchains 
  2. Discuss and analyze the trends and implications connected to stablecoins 
  3. Examine and understand how recent IRS updates and pronouncements will drive change in the accounting profession moving forward 

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Early birds save $50 - late fee on and after 5/12 - Season Pass holders must register for each event.

For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.

INSTRUCTORS

Frank Boutillette

Frank R. Boutillette, CPA, CGMA, ABV

Partner Emeritus

WithumSmith+Brown

Frank is an emeritus partner of WithumSmith+Brown, PC (Withum) with over 35 years of accounting and auditing experience. He is a licensed CPA in New York and New Jersey and has significant experience working with SEC registrants, small and large private entities in various industries, including hedge funds, private equity funds and finance companies. Frank is a member of the American Institute of CPAs (AICPA) and was a former member of the AICPA Peer Review Board. He is a past president of the NJCPA and currently chairs its Peer Review Executive Committee. Frank is a frequent lecturer on accounting and auditing and is a co-author of three accounting books.

Sean Stein Smith

Sean D. Stein Smith, CPA, CFE, CGMA, CMA, DBA

Assistant Professor

Lehman College

Sean is an expert and sought-after speaker, focusing on the intersection of financial services, blockchain and cryptocurrencies. He is a regular contributor to IBM’s Blockchain Unleashed website, analyzing applications for blockchain technology on business at large, as well as being a regular expert guest on China Global TV Network discussing blockchain and related applications. Sean is a member of the Advisory Board for the Wall Street Blockchain Alliance, which coordinates with the AICPA in developing standards and reporting frameworks in this emerging area. Sean continuously works with, and consults for, the AICPA and several professional training organizations in the creation and delivery of blockchain and cryptocurrency related content. He is currently under contract to publish two books focusing on blockchain applications for financial services and other industry sectors. Sean is the host of the NJCPA TechTalk Podcast, a past leader of the NJCPA Emerging Technologies Interest Group and a member of the NJCPA Board of Trustees. He is a professor at the City University of New York - Lehman College.