MYCPE ONE

Accounting & Auditing July ’26: SEC Fraud, Restatements & Audit Risks 1 Credit 1 Credit

Accounting & Auditing July ’26: SEC Fraud, Restatements & Audit Risks 1 Credit 1 Credit

  • Rating

    5

  • Published on

    July, 2026

    Published on

    July, 2026

  • Subject Area

    Auditing

Learning mode

E-Book
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  • Answer the polling questions
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Learning Objectives

  • Identify fraud, restatement, and audit quality risks highlighted through recent accounting cases.
  • Recognize how weak controls, spreadsheet errors, and unsupported equity issuances can affect financial reporting.
  • Explain the role of PCAOB consultations, auditor independence, and professional skepticism in improving audit quality.
  • Analyze reporting risks related to revenue recognition, related parties, provisions, and going concern considerations.
  • Evaluate how sustainability valuation, capital structure, and emerging business risks may affect finance and audit decisions.

Course Overview

Recent accounting and audit developments show how fraud allegations, restatements, bankruptcy pressures, audit quality concerns, and sustainability valuation gaps can quickly affect financial reporting credibility. This e-book insight brings together timely case-based discussions involving SEC enforcement activity, PCAOB audit quality initiatives, EPS restatements, UK audit probes, auditor independence concerns, and emerging sustainability measurement issues.

Participants will review practical lessons from real-world matters, including alleged Napster stock fraud, the PCAOB Firm Consultation Process, U.S. Global Investors' EPS restatement, SiFi's broadband bankruptcy, WHSmith's accounting mistake and PwC audit probe, the Gupta steel audit breakdown, and sustainability valuation challenges. The content highlights the importance of fund verification, professional skepticism, spreadsheet controls, revenue recognition discipline, related-party scrutiny, governance oversight, and financial measurement quality.

Major Topic:

  • SEC fraud allegations and private market controls
  • PCAOB firm consultation process
  • EPS restatement and spreadsheet control risks
  • Bankruptcy, capital structure, and going concern considerations
  • Audit quality, independence, and revenue recognition failures
  • Sustainability valuation and financial measurement

Drawing on timely case studies and diverse professional perspectives, this e-book helps accounting, finance, and audit professionals understand how control gaps, unsupported assumptions, and weak oversight can undermine financial reporting credibility. It also provides practical guidance for strengthening audit readiness, documentation, review procedures, financial controls, and decision-making.

Note: This E-Book has been compiled from various articles and insights contributed by multiple professionals.

For more E-books, Click Here.

On Demand Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 1 CPE Approved
Foundations of Internal Auditing for Certified Internal Auditors (CIA) 1 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 1 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Foundations of Internal Auditing for Internal Audit Practitioner (IAP) 1 CPE Eligible
Auditing for Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Auditing for Certified Controls Specialist (CCS) 1 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 1 CPE Approved
Foundations of Internal Auditing for Certified Internal Auditors (CIA) 1 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 1 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 1 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Foundations of Internal Auditing for Internal Audit Practitioner (IAP) 1 CPE Eligible
Auditing for Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Auditing for Certified Controls Specialist (CCS) 1 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved

Additional Information

Credit

1

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC 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: www.nasbaregistry.org.

About Author

Top Tax Speaker | Jason Dinesen

Jason Dinesen EA

President, Dinesen Tax & Accounting, P.C.

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Jason Dinesen (LPA, EA) is an entrepreneur, tax expert, and CPE Presenter. Dinesen brings over 15 years of experience helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries. Dinesen is a regular CPE Presenter at MYCPE ONE. He has coached more than 200k+ accounting, taxes, and HR professionals on various topics of accounting, individual taxation, corporate taxation, and professional ethics. Jason has developed a strong following within the professional community for tax-related subjects. Dinesen is known for sharp tax interpretations, and he quickly brings his analysis of the latest tax updates and IRS guidance to the professional community.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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Accounting & Auditing July ’26: SEC Fraud, Restatements & Audit Risks

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