Course curriculum

About this course

  • $78.00
  • 2 CPD Ethics hours
  • Dec. 20, 2023 - 10:00 AM ET

Course description

In this webinar, 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 judgement is most vulnerable with transformational technologies.

    Learning objectives:

  • 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
  • Discuss why transformational technologies hinder our professional judgement and ethical decision making

    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.

  • Instructor(s)

    Garth Sheriff

    Garth Sheriff, CPA, CA, CPA (Illinois), CIA, CGMA, MAcc, is the founder of Sheriff Consulting ( and Sheriff Consulting Online (

    We specialize in the design and delivery of assurance, accounting, and communication skill professional development courses. The mission of Sheriff Consulting is to provide an engaging approach to your professional development.

    Our courses are designed using the latest in communication research and current technical developments that affect our profession. This includes:

    1. Helping professionals navigate the most significant changes to the accounting and assurance standards in the last 40 years.

    2. Using current research to improve business communication skills such as working with diverse multigenerational teams.

    3. Understanding how transformative technology such as Blockchain and Artificial Intelligence will impact our profession.

    Garth has worked as an assurance professional and learning provider for over 20 years. He has prepared and trained CPAs for key changes to the profession, including internal control documentation (SOX), Canadian Auditing Standards (CAS) and Canadian Standards on Review Engagements 2400 (CSRE 2400).

    He earned a Master of Accounting and a Bachelor of Arts (Honours - Accounting) from the University of Waterloo, Canada. He is a member of the Chartered Professional Accountants of Ontario (CPAO), American Institute of Certified Public Accountants (AICPA) and the Institute of Internal Auditors (IIA).