Worldwide: Accounting and Audit

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Accounting law and audit law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve accounting and audit law from specialists working in this area every day.
Article
SEC’s Enforcement Division Launches Specialized Unit For Financial Reporting And Accounting
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
United States Accounting
GP
Goodwin Procter LLP
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Article
Federal Banking Agencies Issue Guidance On Lending To Borrowers Without Work Authorization
On July 13, the OCC, FDIC, and NCUA issued interagency guidance addressing lending to individuals who are not legally authorized to work in the United States. Issued pursuant to Executive Order 14406, the guidance reminds supervised financial institutions of existing credit risk management obligations and advises them to consider how employment authorization may affect a borrower’s ability to repay.
United States Finance
SM
Sheppard, Mullin, Richter & Hampton LLP
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Article
SEC’s Enforcement Division Launches Specialized Unit For Financial Reporting And Accounting
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
United States Accounting
GP
Goodwin Procter LLP
Article
SEC Establishes Financial Reporting And Accounting Unit Within The Division Of Enforcement
The U.S. Securities and Exchange Commission has established a new Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by specialized attorneys and accountants to pursue accounting fraud and financial reporting misconduct. While similar task forces have existed before with modest impact, this dedicated unit may signal increased regulatory scrutiny in an area where other enforcement agencies have reduced their activity.
United States Accounting
FH
Foley Hoag LLP
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