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.
