Blockchain for Auditors

Why should you attend?

This course provides a comprehensive understanding of blockchain technology tailored specifically for auditors. The curriculum begins with an overview of the technology, tracing its history and exploring different types of blockchains. This foundational knowledge sets the stage for more detailed discussions on key concepts such as cryptography, public vs. private ledgers, hashes, and distributed peer-to-peer technologies. The course then delves into advanced topics including smart contracts, permissioned vs. permissionless blockchains, and critical aspects of authorization and authentication. Security considerations are also thoroughly examined to ensure auditors can assess blockchain implementations effectively. Participants will gain insights into the benefits and drawbacks of blockchain technology, debunking common myths while highlighting its value in various applications like smart contracts and digital tokens. The course also addresses the limitations and potential pitfalls auditors should be aware of. A significant portion of the training focuses on the impact of blockchain on financial statement audits and assurance services. Future roles for Certified Public Accountants (CPAs) are explored, including auditing smart contracts and oracles, serving as service auditors for consortium blockchains, and performing administrative or arbitration functions. Finally, practical implementation strategies are covered, from defining business requirements to developing proof-of-concept projects and deploying blockchain solutions. The course concludes with a forward-looking perspective on the future of blockchain technology and its industry outlook.