Emerging Technologies, Emerging Ethical Risks This article summarizes points made at the Address at the 2023 NACVA Annual Conference. On-Demand Course: We Know Smart Contracts are “Smart” but Are They “Ethical”? Emerging Technologies, Emerging Ethical Risks It is not the business of the botanist to eradicate the weeds. Enough for him if he can tell us just how fast they grow. –C. Northcote Parkinson, in Parkinson’s Law, 1957. On July 13, 2023, I was invited to deliver the Keynote Address at the NACVA and the CTI’s Business Valuation and Financial Litigation Super Conference held at the Cliff Lodge in Snowbird,…
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Tax ramifications, smart contracts, and job security are among the issues top of mind for accountants. Given blockchain’s rapid rise into the accounting consciousness, it is no surprise CPAs have many questions about the technology. This article addresses five of the most pressing concerns I encounter regarding blockchain, smart contracts, and cryptocurrencies such as bitcoin. To read the full article in the Journal of Accountancy, click: CPAs’ Top Five Questions About Blockchain, Cryptocurrencies.