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'Core Focus': Insights from the SEC on Accounting Fraud Cases

Bruce Carton | April 6, 2012

Statistics from the SEC show that since 2007, the number of financial statement and accounting fraud cases has steadily declined. At the SEC Speaks conference in late February 2012, however, Howard Scheck, the Chief Accountant in the Enforcement Division, reiterated that such cases remain “a core focus” for the Commission. Andrew Calamari, Associate Director of the New York Regional Office, added that cases against audit firms are a particular area of focus, and he pointed out that the SEC filed actions against affiliates of three of the Big Four accounting firms over the last year.

What is the current state of the SEC's enforcement efforts in the areas of accounting and auditing and where is the SEC focusing its efforts going forward? On April 19 I will moderate a webcast in...

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