accounting-gavelEarlier this year, the New York Times reported that the SEC was “bringin’ sexy back” to accounting investigations. That’s probably not good news for those auditing public companies.

In 2002, “accounting scandals” became a household phrase as the accounting frauds at Enron, WorldCom and others came to light. Although accounting fraud was nothing new, the public and political reactions to these scandals led to the passage of the Sarbanes-Oxley Act and the formation of the Public Company Accounting Oversight Board (PCAOB), as well as a significant increase in the number of SEC investigations.

Continue Reading Accounting Fraud Never Sleeps—and the SEC Plans to Prove It.