United States: Accounting and Audit

The SEC establishes a specialized Financial Reporting and Accounting Unit within its Division of Enforcement to pursue accounting fraud and misconduct cases.

The Securities and Exchange Commission has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by attorneys and accountants to investigate accounting fraud, financial reporting violations, and auditor misconduct. Led by Timothy Zimmerman under the direction of Enforcement Director David Woodcock...

The SEC has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, signaling renewed focus on accounting fraud and financial reporting misconduct. Led by Timothy Zimmerman and staffed with attorneys and accountants possessing specialized expertise, this unit aims to crack down on bad actors in the accounting and auditing profession. The move reflects Chair Paul S. Atkins' emphasis on returning to core accounting principles and protecting investors through rigor

The New York Stock Exchange has proposed extending the transition period for newly listed companies to establish an internal audit function from one year to five years. This significant change aims to provide issuers with adequate time to develop effective internal controls while balancing competing regulatory obligations and operational demands faced during the critical early years of being a public company.

The Securities and Exchange Commission has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, signaling a strategic shift in regulatory priorities. This new unit will deploy accountants and attorneys to investigate accounting fraud and auditor misconduct, marking a departure from previous enforcement approaches.

The Securities and Exchange Commission has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by attorneys and accountants to investigate accounting fraud, financial reporting violations, and auditor misconduct. Led by Timothy Zimmerman under the direction of Enforcement Director David Woodcock...

Divorce proceedings involving significant or complex assets are rarely straightforward. Beyond the emotional and legal dimensions, these cases often hinge on a clear and defensible understanding of financial reality.

For years, revenue recognition was the primary issue cited in allegations of accounting fraud, whether in enforcement investigations or securities litigation.

Consider a court case in which one side presents a chart, report, or a video reconstruction that was created entirely by artificial intelligence (AI).

Ultra-high-net-worth individuals and families face a valuation environment that is far more complex than simply determining the worth of an asset. In the context of trust, gift, and estate tax planning, valuation becomes a foundational discipline that affects wealth transfer strategy, tax efficiency, compliance, and long-term family outcomes.

In recent years, the accounting profession has been grappling with a concerning trend: a shortage of skilled workers. According to the American Institute of CPAs (AICPA)...

Cybersecurity breaches concerning workers' personal information and retirement savings have increased liability risks for benefit plans and third-party administrators under federal benefits laws.