MYCPE ONE

Accounting & Audit Readiness 2026: High-Risk Updates & Inspection Focus

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Conference Overview

This program delivers a focused and practical approach to accounting and auditing updates by concentrating on the areas that carry the highest risk during year-end reporting. Instead of covering broad standard changes, the session highlights critical updates from wit FASB, GASB, and AICPA, emphasis on effective dates, disclosure challenges, and implementation gaps that can delay financial close or trigger review comments. Participants will gain clarity on how to navigate complex requirements while ensuring timely and accurate reporting.

The conference takes a deeper look at audit quality by addressing the points where engagements most commonly fail under pressure. Key focus areas include journal entries, fraud risk considerations, review process breakdowns, documentation weaknesses, and recurring deficiencies identified in regulatory inspections. By aligning with insights highlighted by PCAOB and other oversight bodies, the program ensures that participants are prepared to address the most scrutinized areas in modern audits.

Designed with a practical and urgent perspective, this session equips professionals with actionable strategies to strengthen audit execution and improve financial reporting outcomes before the busy season begins. Attendees will learn how to proactively identify risk areas, enhance documentation practices, and implement improvements that reduce errors and inspection findings. The result is a stronger, more efficient close process and greater confidence in audit quality.

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Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 2 All
CPA (US) 2 Auditing
CIA 2 All
CFE 1 Auditing
CRMA 1 Auditing
CPA/CFF 1 All
DE LPA 2 Auditing
IAP 2 Auditing
CICA 2 Auditing
MAFF 1 All
QIAL 1 All
QIAL 1 Auditing
IA LPA 2 Auditing
CCS 2 Auditing
ME LPA 2 Auditing
CA - Ireland 2 All

Sessions

Dec 7th, 2026

Coming soon

Learning Objectives

Coming soon

Qualifies For

License details Credits Status
Certified Public Accountants (CPA-US) 1 CPE Approved

Other Details

Subject Area

Auditing

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Coming soon

Learning Objectives

Coming soon

Qualifies For

License details Credits Status
Certified Public Accountants (CPA-US) 1 CPE Approved

Other Details

Subject Area

Auditing

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

2:00 PM - 2:30 PM EDT

Break

Speakers:
Speaker Name
Alexander Buchholz

Advisor
PKF O'Connor Davies, LLP

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Journal entries and late-stage adjustments remain a recurring area of audit risk, particularly when management override or fraudulent financial reporting is a concern. Drawing on the PCAOB staff's Latest Audit Focus publication, this session examines why journal entry testing continues to generate audit deficiencies and what auditors should keep in mind when evaluating possible material misstatement due to fraud.

The session reviews key considerations under AS 2401, including understanding the financial reporting process and related controls, applying professional judgment to the nature, timing, and extent of testing, selecting journal entries and other adjustments for examination, and determining appropriate testing periods. It also addresses inquiries of personnel involved in financial reporting and the risks associated with unauthorized, unusual, or late-stage adjustments.

Major Topic:

  • PCAOB staff observations on journal entry testing deficiencies
  • Fraud risk and management override under AS 2401
  • Controls over journal entries and other adjustments
  • Selection and timing of journal entry testing
  • Late-stage and unusual financial statement adjustments
  • Audit documentation and observed good practices

Participants will gain practical insight into common deficiency areas and observed good practices highlighted by PCAOB staff. The session is designed to help auditors strengthen documentation, improve journal entry testing, and better support procedures addressing management override and fraud risk in financial statement audits.

For more Auditing-related courses, Click Here.

Learning Objectives

  • Identify fraud risks associated with journal entries and other financial statement adjustments.
  • Explain key AS 2401 requirements related to journal entry testing and management override.
  • Assess controls over the financial reporting process and journal entry activity.
  • Apply professional judgment when selecting journal entries and determining the timing and extent of testing.
  • Recognize common journal entry testing deficiencies and good practices highlighted by PCAOB staff.

Qualifies For

License details Credits Status
Auditing for Certification in Risk Management Assurance (CRMA) 1 CPE Eligible
Certified Financial Forensics (CFF) 1 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 1 CPE Eligible
Certified Internal Auditors (CIA) 1 CPE Eligible
Auditing for Certified Public Accountants (CPA-US) 1 CPE Approved
Auditing for Internal Audit Practitioner (IAP) 1 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Master Analyst In Financial Forensics (MAFF) 1 CPE Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Auditing for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
Auditing for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Auditing for Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 1 CPE Eligible

Other Details

Subject Area

Auditing

Course Level

Intermediate

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Philemon Lekula


Self Employed

  • 4.4
  • rating
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Audit quality issues often become most visible when engagement teams are under pressure, particularly in areas that demand strong professional judgment, effective review, and clear documentation. This focused session examines where audit execution can break down and why recurring deficiencies continue to attract regulatory attention.

Participants will explore journal entry testing, fraud risk considerations, review failures, documentation gaps, and recurring inspection deficiencies. The session emphasizes practical areas that firms should evaluate closely, including how weaknesses in audit procedures, evidence, and review processes can affect overall engagement quality.

Major Topic:

  • Journal entry testing and related deficiencies
  • Fraud risk considerations in audit execution
  • Audit review failures and breakdown points
  • Documentation gaps and evidence quality
  • Recurring inspection deficiencies
  • Busy season audit quality readiness

Designed with busy season readiness in mind, this session helps audit professionals focus on the issues that require attention before workload and deadlines intensify. Participants will leave with a clearer understanding of common breakdown points and the areas firms should strengthen to support more consistent, well-documented, and defensible audit execution.

For more Auditing-related courses, Click Here.

Learning Objectives

  • Identify recurring audit deficiencies associated with journal entries and other adjustments.
  • Recognize common breakdowns in fraud risk procedures, engagement review, and audit documentation.
  • Explain how documentation and review gaps can weaken overall audit quality.
  • Evaluate areas of audit execution that may require additional attention before busy season.
  • Apply practical considerations to strengthen audit procedures, evidence, and review processes.

Qualifies For

License details Credits Status
Certified Internal Auditors (CIA) 1 CPE Eligible
Auditing for Certified Public Accountants (CPA-US) 1 CPE Approved
Auditing for Internal Audit Practitioner (IAP) 1 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Auditing for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
Auditing for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Auditing for Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 1 CPE Eligible

Other Details

Subject Area

Auditing

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Alexander Buchholz
Alexander Buchholz

Advisor
PKF O'Connor Davies, LLP

Dec 7th, 2026

View More
Philemon Lekula
Philemon Lekula


Self Employed

Dec 7th, 2026

View More

Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com



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