Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
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.
In this on-demand, we will explore the FTX fraud and critical stakeholders using IESBA’s (International Ethics Standards Board for Accountants) five fundamental principles of ethics as the framework for our investigation:
- Integrity
- Objectivity
- Professional Competence and Due Care
- Confidentiality
- Professional Behaviour
We will examine how a lack of psychological safety and a toxic organizational culture compromised the ethical decision-making process of numerous stakeholders.
We also examine the underlying technology at the heart of cryptocurrency, Blockchain and why our professional judgment is most vulnerable with transformational technologies.
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Key Takeaways
By the end of this course, participants should be able to:
- Define IESBA’s five fundamental principles of ethics.
- Summarize the key events and dates of the FTX fraud.
- Identify the key stakeholders of FTX.
- Illustrate what when wrong with FTX using each of the five fundamental principles of ethics.
- Explain how low psychological safety and a toxic organizational culture contributed to the fraud and poor ethical decision making.
- Define Blockchain and cryptocurrency.
- List one reason why blockchain technology was created.
Who Will Benefit
The course is designed for CPAs and professionals looking to understand what can go wrong if our fundamental principles of ethics are threatened by low psychological safety and a toxic organizational culture.
How to Access the Course
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal. You can also access your course through the Blackboard Learn app (iOS or Android).
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Speaker(s)
Garth Sheriff, CPA, CA, CPA (Illinois), CIA, CGMA, MAcc the founder of Sheriff Consulting and provides continuing professional development (CPD) courses in areas of leadership, communication, and assurance. Garth has worked as an assurance professional and learning provider for over 20 years. He has also acted in various stage and film productions and is a graduate in improvisation from The Second City and a proud member of ACTRA.