The U.S. Securities and Exchange Commission nearly doubled its enforcement actions related to financial reporting and audit fraud over the past two years, the agency’s top cop said Thursday.
The agency filed 134 cases in the financial reporting and audit area in its 2015 fiscal year, ended Sept. 30. That’s up from 98 in fiscal 2014, and 68 in fiscal 2013. The agency’s actions are generally filed in federal court or brought before an administrative law judge.
via SEC Doubles Number of Financial Reporting and Audit Cases in Two Years – The CFO Report – WSJ