Professional Ethics: An FTX Story
Author: Garth Sheriff
| CPE Credit: |
2 hours for CPAs
2 hours Ethics for EAs and OTRPs
2 hours Ethics for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
The fraud, drama, and massive failure of FTX is a story of unethical leadership, inadequate governance, and organizational culture with low psychological safety. As with many frauds, the primary media focus is on the sensational details. In this case, the spectacular rise and downfall of the wunderkind entrepreneur Sam Bankman-Fried combined with the industry in which the fraud occurred: Blockchain and cryptocurrency.
But hidden beneath the surface of the enigmatic leader and the FOMO (fear of missing out) inherent in cryptocurrency are critical lessons in ethical decision-making, governance, and organizational culture.
Publication Date: June 2024
Designed For
This course would be appropriate for, CPAs, CMAs, CGMAs, CIAs, CFEs, CFOs, CEOs, employees, staff accountants, managers, and anyone who is interested in understanding the behavioral ethical implications and learning outcomes from the FTX fraud.
Topics Covered
- FTX fraud case
- Fraud risk triangle
- Blockchain and cryptocurrency
- Pillars of ethical leadership
- Organizational culture
- Ethical decision making
Learning Objectives
- Explain what happened in the FTX fraud case
- Explain why Bitcoin was invented
- Describe how blockchain transactions work
- Describe the pillars of ethical leadership
- Identify how organizational culture affects decision making
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Behavioral Ethics (2 hours)
Program Prerequisites
None
Advance Preparation
None
