The SEC’s Return to Accounting Fraud Enforcement – Corruption, Crime & Compliance

Just like the ups and downs of the business cycle, SEC enforcement of accounting fraud cases follow an up and down trend as well. For example, during the financial crisis, SEC enforcement of accounting fraud cases took a back seat to enforcement actions surrounding disclosure and conflicts of interest in relation to the financial meltdown.

The SEC, in the last two years, has returned to bread and butter accounting fraud cases. In 2015, the SEC brought enforcement actions against 191 defendants, an increase over 2014. With this renewed focus, companies face significant risks, along with accountants, auditors and audit committees.

via The SEC’s Return to Accounting Fraud Enforcement – Corruption, Crime & Compliance.