Crypto Advisory Opportunities for CPAs
This course explores how CPAs can expand beyond compliance and provide high-value advisory services in the evolving cryptocurrency landscape, focusing on risk, governance, and strategic client guidance.
Course Description
Cryptocurrency has rapidly evolved into a mainstream financial asset, creating new challenges and opportunities for CPAs. As businesses and individuals increasingly engage with digital assets, the role of the CPA is expanding beyond traditional compliance into areas that require interpretation, risk assessment, and strategic guidance. This course explores how practitioners can provide high-value advisory services related to crypto, including tax planning considerations, governance, internal controls, and transaction complexity.
The course also addresses the practical realities of working with crypto clients, including common pitfalls, data and documentation challenges, and professional risk considerations. In addition, it examines emerging regulatory developments, institutional adoption trends, and how firms can thoughtfully position themselves in this growing space. Overall, the course provides a structured perspective on how CPAs can navigate and add value in the evolving digital asset landscape.
In this course, you'll learn...
Course Objectives
To identify high-value advisory opportunities related to cryptocurrency and digital assets.
To recognize common pitfalls CPAs encounter when advising crypto clients.
To evaluate practice risk and professional responsibility considerations.
To assess emerging regulatory, tax, and technological trends affecting crypto.
To develop a strategic framework for positioning CPA firms for future crypto advisory services.
How you'll apply these skills...
Identify Advisory Opportunities: Recognize where crypto engagements can move beyond compliance into higher-value advisory services
Evaluate Client Risk Exposure: Assess custody, valuation, and transaction risks tied to digital asset activity
Structure Crypto Engagements: Define scope, responsibilities, and documentation standards for crypto-related services
Improve Transaction Oversight: Analyze fragmented wallet and exchange data to support accurate reporting
Design Internal Controls: Help clients implement governance frameworks for managing digital assets securely
Advise on Tax Planning Strategies: Guide clients on timing, characterization, and planning opportunities related to crypto activity
Assess Third-Party Risk: Evaluate exchanges and custodians for operational, financial, and contractual risk
Strengthen Documentation Practices: Support defensible reporting through clear records, assumptions, and methodologies
Course Instructor
Michael Carroll, CPA, CISA, CISM
Michael is an accounting and information security professional. He is also an Adjunct Professor at several higher education institutions, where he is responsible for teaching various accounting and information technology courses.
Michael earned his MBA in Accounting and B.S. in Accounting / Accounting Information Systems from Canisius University. Additionally, Michael is a Certified Public Accountant (CPA) and a Certified Information Systems Security Professional (CISSP). Michael is a current member of the NYCPA’s Education Committee and has been an Advisory Board Member for the Academy of Finance (AOF) since 2020.
Michael enjoys traveling, hiking, and watching the Buffalo Bills. He has also participated in several marathon events.
Course Content
Additional Info
Format
5-20 min. videos, 5 quizzes, and a final assessment
Field of study
Specialized Knowledge
CPE Credits
CPEs 4.5
Prerequisites
Completion of prior courses in Wisdify’s Crypto Accounting Learning Path is recommended.