As I have previously discussed here in detail, the SEC announced in 2013 that it would be greatly sharpening its focus on accounting fraud cases. Among other things, the agency established a Financial Reporting and Audit Task Force in July 2013 staffed with lawyers and accountants specifically focused on generating new financial reporting and accounting fraud cases for the Enforcement Division. The agency also stated that the work of the Task Force would be aided by several new technologies such as the “Accounting Quality Model” (a.k.a “RoboCop”), and an increasingly strong flow of whistleblower tips.
