Foley & Lardner·SECURITIES / CAPITAL MARKETS
SEC Launches Dedicated Accounting Fraud Enforcement Unit
Public companies, private funds, and their auditors must act as the SEC’s new dedicated accounting fraud enforcement unit signals a heightened priority on pursuing financial reporting and auditing misconduct, raising enforcement risk for related violations.
On August 5, 2026, the SEC established the Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by attorneys and specialized accounting experts to pursue misconduct related to financial reporting, accounting, and auditing. The unit supersedes the Division’s earlier announced SOX Group, aligns with SEC leadership’s stated
sec-enforcementaccounting-fraudfinancial-reportingauditor-compliance
Read the original firm alert →Saturday, August 8, 2026