SEC Focus On Financial Reporting: Recent Cases And Trends
Law360, New York (November 30, 2016, 1:55 PM EST) -- Nicholas Berg
Allison Lullo In 2013, the New York Times boldly declared that the U.S. Securities and Exchange Commission was “bringin’ sexy back” to accounting investigations. Since that time, the SEC’s actions have made good on that prediction, confirming that targeting financial reporting and accounting fraud and abuse at publicly traded companies is among its top priorities. After a period of declining activity related to financial reporting and accounting violations, the commission’s creation of a Financial Reporting and Audit Task Force, or “FRAud Task Force,” has led to a revitalization of investigative activity targeting financial reporting and related disclosure...
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