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Back to the Ledger: The SEC Stands Up a Dedicated Accounting Fraud Unit
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Back to the Ledger: The SEC Stands Up a Dedicated Accounting Fraud Unit
The SEC has created dedicated accounting-fraud teams before. It did so in 2013 with a Financial Reporting and Audit Task Force, and again this past spring with a “SOX group” that arrived with little more fanfare than a pair of job listings. On August 5, that effort received a permanent name and a formal spot within the Enforcement Division org chart. The Securities and Exchange Commission announced the Financial Reporting and Accounting Unit, or…
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