The US Securities and Exchange Commission (SEC) has launched a specialized enforcement unit to tackle accounting and financial reporting fraud cases. This new unit, led by Timothy Zimmerman, will be critical in pursuing financial reporting fraud and accounting misconduct.
Unit Details
The unit will be staffed by lawyers and accountants with specialized skills related to financial reporting and accounting. It expands on the division’s current efforts to crack down on bad actors in the accounting and auditing profession.
According to SEC Enforcement Director David Woodcock, the new unit will be essential in the agency’s efforts to pursue accounting and financial reporting fraud cases, as well as general misconduct in accounting and auditing areas.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
