Cryptocurrency Opportunities and Risks in Higher Education

ACUA/Baker Tilly Webinar - Cryptocurrency Opportunities and Risks in Higher Education
October 6, 2022, from 1:00 pm to 2:00 pm Eastern  (1.0 hour)
Speakers: Kimberly Macedo, Robert Specter

Description: Crypto activity has been gaining traction in recent years within higher education, specifically related to receiving philanthropic funding through various cryptocurrencies, expanding fundraising efforts through the sale of non-fungible tokens (NFTs), and even considering accepting cryptocurrency for tuition payments. While there are many exciting opportunities for higher education institutions related to crypto activity, this is also an evolving area that continues to rapidly change. These complex transactions present new risks related to business operations, accounting and tax implications, and legal considerations, as well as an uncertain regulatory landscape.

To help institutions navigate and understand the evolving world of crypto activity, this presentation will provide an overview for the higher education industry including:

  • Current use cases of crypto through advancement donations and fundraising activity, as well as other trending activity
  • Risk considerations related to the continually evolving world of crypto
  • Considerations from an audit perspective for assessing crypto activity and risk management

After attending this webinar, participants will be able to: ‎

  1. Provide an overview of crypto activity and opportunities within the higher education industry
  2. Understand the risks associated with cryptocurrency and non-fungible tokens (NFTs)
  3. Share internal audit considerations related to crypto opportunities and risk management

Field of Study: Business Management & Organization
Program Level: Overview 
Advance Preparation: None 
Prerequisites: None 
Location: Virtual
Type of Delivery Method: Group-internet-based
Cost: No Cost 
Number of Credits: 1.0

View Recording here
View Materials here