Note: This 8 Hour course is comprised of 2- 4 Hour sessions, Living With the New CMMC (Cybersecurity Maturity Model Certification) and A CPA’s Guide to Crypto Currency.
Living With the New CMMC (Cybersecurity Maturity Model Certification)
Cyber threats have impacted every aspect of our corporate and personal lives in the past few years. These threats can cause loss of sensitive information, disruption of operations, and significant—sometimes catastrophic—financial impacts. IBM reported in 2021 that the average cost of each data breach for an organization was over $4 million. In addition to financial gain, malicious cyber actors also seek access to sensitive information to provide to our competitors and our nation’s adversaries. The SolarWinds breach highlighted vulnerabilities in vendor processes that can be used to enter sensitive networks and exfiltrate information.
To better address these cyber risks, the Department of Defense (DOD) is establishing the Cybersecurity Maturity Model Certification (CMMC). This certification will be required for most DOD vendors as well as their subcontractors. CMMC is also being cited as a model for use by other federal agencies and the private sector to better secure their vendors and supply chains against cyber risks.
Our presenters will provide perspectives on issues and challenges related to the CMMC process and provide tools and resources to help you understand how to plan for and respond to CMMC requirements. This information will enable you to improve the cybersecurity of your own organization as well as the cybersecurity of your vendors, customers, and clients.
A CPA’s Guide to Crypto Currency
Crypto currency is likely here to stay. Businesses and consumers across the globe are quickly adopting cryptocurrencies in day-to-day transactions. And many organizations, and their accountants, are scrambling to catch up with this evolving technological innovation. In this course, we will explore the world of crypto currency from an accountant’s perspective to understand the various forms, risks, accounting treatments and enforcement trends. As adoption continues, it’s critically important that accounting professionals understand this new medium of currency and what responsible adoption looks like for the companies, large and small, that they serve.
ACPEN has assembled a panel of expert accounting professionals, regulators and technologists, as well as experienced representatives from the U.S. Attorney’s Office, and the Securities and Exchange Commission, that will include the perspective of the Federal Bureau of Investigation who can explain what the new currency is and what the accounting, auditing and risk assessments that should be made when dealing with this new form of wealth. The panel will, of course answer your questions as well.
DESIGNED FOR
Accountability professionals working with government contractors, CPAs with government contractor clients and CPAs interested in learning how to add CMMC advisory and assurance services as new practice offerings
BENEFITS
Understand the current and planned requirements for CMMC, the relationship between CMMC and other compliance requirements, and the three certification levels
Learn how to implement CMMC and understand third-party assessment
Have knowledge of the types of entities that may be subject to CMMC requirements and the resources available to assist in meeting those requirements
Understand steps that your organization (or your clients) can take now or may in the future be required to take to address CMMC
Create awareness of potential expansion of the CMMC requirements
Define and learn the history of cryptocurrencies, explain various forms and how crypto is traded
Differentiate between Fiat vs non-fiat currency
Knowledge of balance sheet considerations such as where does crypto sit, fraud risks, and regulatory enforcement trends
Create awareness of Legislative discussions about formal Federal regulation.
Explain how to comply with the IRS and advice CPAs can give their business clients
HIGHLIGHTS
- Understand the current and planned requirements for CMMC, the relationship between CMMC and other compliance requirements, and the three certification levels
- Learn how to implement CMMC and understand third-party assessment
- Have knowledge of the types of entities that may be subject to CMMC requirements and the resources available to assist in meeting those requirements
- Understand steps that your organization (or your clients) can take now or may in the future be required to take to address CMMC
- Create awareness of potential expansion of the CMMC requirements
- Define and learn the history of cryptocurrencies, explain various forms and how crypto is traded
- Differentiate between Fiat vs non-fiat currency
- Knowledge of balance sheet considerations such as where does crypto sit, fraud risks, and regulatory enforcement trends
- Create awareness of Legislative discussions about formal Federal regulation.
- Explain how to comply with the IRS and advice CPAs can give their business clients
COURSE LEVEL
Update
ADDITIONAL NOTES
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.