Theranos rose to a multibillion-dollar valuation while serious failures in oversight, evidence, and accountability went unchecked. This episode explores what CPAs can learn about governance, professional skepticism, due diligence, and the importance of asking difficult questions.
What you'll learn
Upon completion of this course, you will be able to:
Explain the history of Theranos and the factors that contributed to the company’s rapid rise and eventual collapse.
Identify how weak corporate governance, ineffective oversight, and excessive reliance on management assertions can create significant business risks.
Recognize the importance of professional skepticism when evaluating financial information, operational claims, and management representations.
Analyze the role of boards of directors, investors, auditors, and internal control professionals in identifying and mitigating organizational risk.
Evaluate lessons from the Theranos case that apply to CPAs, including fraud risk assessment, due diligence, and ethical decision-making.
Quizzes and assessment
Complete all quizzes and the final assessment to earn CPE.
Locked
Final assessment
Enroll and complete the required learning to unlock your final assessment.
5 questions70% to passUnlimited attempts
On passing: 1.0 CPE and a certificate
Quizzes open automatically at the markers in your audio.
Course details
CPE
1.0
Field of study
Business Management & Organization
Delivery method
Interactive Audio
Prerequisites
None
Advance preparation
None
Course level
Overview
Course content
54 min of audio · 2 quizzes · final assessment
Assessment
5 questions · 70% to pass · unlimited attempts
Completion deadline
365 days from enrollment
Registration
A Wisdify account, eligible subscription, and course enrollment are required.
PODCAST COURSE
