| Digital Currencies and Your Next Engagement
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of the subject matter.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Information Technology
Shipping Weight: 0lbs. 0oz.
Digital currencies have proliferated in recent years, originating with Bitcoin in 2008 to almost 700 crypto-currencies with a market value of $4.5 billion. This session will cover the history, the implications on forensic cases (hidden assets), valuations (marketability discounts), and recent IRS guidelines on virtual currencies (Notice 2014-21). This session will also cover the MtGox ($450 million embezzlement) and Liberty Reserve ($6 billion money laundering) cases involving digital currencies.
After completing this webinar, attendees will be able to:
- Recognize the changes affecting our industry and the added complexity of tracing wires/financial transactions
- Produce valuations involving Bitcoin accounts and marketability discount considerations
- Use the course materials as resources/references for the following: current and historical market values, IRS guidelines, and examples of actual transactions from bank statements
- Prepare for client calls regarding potential cases involving digital currencies or potential hidden assets
Who Should Attend
Jason Pierce, CPA, CMA, CFM, CVA, MAFF
Mr. Jason Pierce is a principal with Edelstein & Company LLP in Boston. Prior to joining the firm in 2010, he was a partner at an Anchorage, Alaska, CPA firm and a valuation manager for an RSM McGladrey network firm. He is a graduate of
the University of Tennessee (BS) and the University of Alaska Anchorage (MBA). He has also been an adjunct professor for three universities in a variety of subjects, including business valuation.
Mr. Pierce is currently a lead instructor for the Forensic Accounting Academy. He has also contributed as an instructor or technical reviewer for the following courses: Business Valuation Training Center, Business Valuation Fundamentals for CPA’s, Current Updates in Valuation, Fundamentals, Techniques and Theory (FT&T), Calculations and Applications of Income and Asset Approaches, and the Comprehensive Checklist for Valuation Engagements. He has received multiple
Instructor of Great Distinction Awards. He is a past member of NACVA’s Valuation Credentialing Board and served on the Recertification Committee.
He is a member of the American Institute of Certified Public Accountants, Alaska Society of Certified Public Accountants (Past Board Member), Massachusetts Society of Certified Public Accountants (Business Valuation Committee), Institute of Management Accountants (Past President – Alaska Chapter), and the National Association of Certified Valuators and Analysts (Past President – Alaska Chapter). He is a frequent speaker on valuation and forensic accounting issues for the Massachusetts Continuing Legal Education (MCLE).
Mr. Pierce specializes in performing business valuations and forensic accounting engagements such as: matrimonial dissolution, financial litigation, gift & estate, ESOPs, shareholder disputes, damages, wage claims, loss investigations, fiduciary violations and other purposes. He has served as an expert witness for business valuation and forensic engagements.