Course Description

The fraud, drama, and massive failure of FTX is a story of unethical leadership, inadequate governance, and organizational culture with low psychological safety. As with many frauds, the primary media focus is on the sensational details. In this case, the spectacular rise and downfall of the wunderkind entrepreneur Sam Bankman-Fried combined with the industry in which the fraud occurred: Blockchain and cryptocurrency.

But hidden beneath the surface of the enigmatic leader and the FOMO (fear of missing out) inherent in cryptocurrency are critical lessons in ethical decision-making, governance, and organizational culture.

This course covers the following major topics: 

  • FTX fraud case
  • Fraud risk triangle
  • Blockchain and cryptocurrency
  • Pillars of ethical leadership
  • Organizational culture
  • Ethical decision making

Learning Objectives

After completion of this course, participants will be able to:

  1. Summarize what happened in the FTX fraud case
  2. Explain why Bitcoin was invented
  3. Describe how blockchain transactions work
  4. Describe the pillars of ethical leadership
  5. Discuss how organizational culture affects decision making


Garth Sheriff, CPA, CA, CPA (Illinois), CIA, CGMA, MAcc, is the founder of Sheriff Consulting. Sheriff Consulting provides continuing professional experience (CPE) courses in leadership, communication, and assurance. Garth has worked as an assurance professional and learning provider for over 20 years. Garth has also acted in various stage and film productions. He is a graduate in improvisation from The Second City and a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists).

NASBA Program Information

  • Program Level: Basic
  • Prerequisites: None
  • Advance preparation: None
  • Delivery Method: QAS Self Study
  • Credits: 2.0 CPE hours
  • Field of Study: Information Technology
  • Enrollment Period/Expiration Date: One year from date of purchase
  • Date of Last Program Review/Update: March 28, 2024
  • Refund Policy/Complaint Resolution Policy: Our policies can be found in our FAQ

Sheriff Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Course Curriculum

    1. Instructions for QAS Self Study

    2. Course Overview

    3. Participant Materials

    4. Introduction

    1. Module 1: Who

    2. Review Question 1

    1. Module 2: When

    2. Review Question 2

    1. Module 3: Blockchain - Part 1

    2. Module 3: Blockchain - Part 2

    3. Review Question 3

    1. Module 4: What - Part 1

    2. Module 4: What - Part 2

    3. Module 4: What - Part 3

    4. Review Question 4

    1. Module 5: Organizational Culture

    2. Review Question 5

  • $100.00

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