This session focuses on what CPAs need to know about blockchain technology, specifically the options and platforms currently exist in the marketplace applicable for business purposes. A deep dive into the functionality of several blockchain networks will be provided, including Ripple, Ethereum, and the Bitcoin blockchain. Additionally, a comprehensive review of applications for blockchain for auditing, taxation, and financial reporting will be covered, with before-and-after comparisons provided for clarity. Wrapping up this session, and incorporating the variety of possibilities for blockchain, a summarization of changes, and possibilities for financial service professionals will be presented.
After the conclusion of this session attendees will be able to:
Sean Stein Smith is an Assistant Professor at the City University of New York (Lehman College), serves on the Advisory Board of Wall Street Blockchain Alliance, where he also chairs the Accounting Working Group, and chairs the Emerging Technology Interest Group of the New Jersey Society of CPAs. He was an America's Future Foundation Writing Fellow during the summer of 2020. Sean has been named 40 under 40 in the accounting profession by both CPA Practice Advisor (2017-2019), and the New York State Society of CPAs (2020) in addition to receiving the NJCPA Ovation Award for Innovation in 2019. He was a Visiting Research Fellow at the American Institute for Economic Research, focusing on blockchain, cryptoassets, and the economic impact of these technologies during 2019. His research has been quoted in dozens of scholarly and practitioner publications, and he is a regular speaker at accounting and technology conferences. Sean has also been named of the Top 100 Most Influential People in Accounting by Accounting Today.