Well yes, if you don't use your head.
Falling for these kind of swindles have always been possible and as an investor you can, and should, ask for whatever information you feel you need. The fact that there is no longer an official requirement for what to show doesn't mean that it isn't still fraud to show something that is false (so even if the books haven't been audited if they contain false information, they still go to jail). It can still happen to you today, the guys just have to fake the audit as well.
On the other hand, how much information do you really require to invest in bingocardcreator.com or bobs burgers?