The SEC’s New Financial Fraud Task Force: Being Prepared for Tomorrow Today – Part I, Introduction

SEC recently announced the creation of a new Financial Reporting and Audit Task Force in the Division of Enforcement along with a Center for Risk and Quantitative Analysis . The new groups come as the agency refocuses its enforcement program in the post market crisis era. The implications of these actions...

The SEC’s New Financial Fraud Task Force: Part II, The “Numbers Game Speech”

This is the second in a series of articles examining the creation of the new Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article begins an examination of the roots of the new Task Force starting with the “Numbers Game” speech...

The SEC’s New Financial Fraud Task Force: Part III, Cases Following the Speech – Revenue Enhancement

This is the third in a series of articles examining the creation of the new Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article examines select cases concerning improper revenue enhancement techniques used by issuers in actions brought...

The SEC’s New Financial Fraud Task Force: Part IV, Significant Cases Following the Speech – Distorting Trends and Balance Sheet Items

This is the fourth in a series of articles examining the creation of the Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article examines select cases brought in the wake of Chairman Levitt’s Numbers Game speech in which issuers and...

The SEC’s New Financial Fraud Task Force: Part V, Significant Cases Following the Speech – Using Multiple Improper Techniques

This is the fifth in a series of articles examining the creation of the Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article examines select cases brought in the wake of Chairman Levitt’s Numbers Game speech in which issuers and...

The SEC’s New Financial Fraud Task Force: Part VI, The Market Crisis and a Change of Direction

This is the sixth in a series of articles examining the creation of the Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article examines select financial fraud cases brought in the wake of the market crisis which represent a change in focus...

The SEC’s New Financial Fraud Task Force: Part VII, Risk Analysis and Big Data

This is the seventh in a series of articles examining the creation of the Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article examines new approaches instituted by the Enforcement Division following its reorganization that center on risk...

The SEC’s New Financial Fraud Task Force: Being Prepared for Tomorrow Today – Analysis and Conclusion

This is the eighth and concluding segment in a series of articles examining the creation of the Financial Reporting and Audit Task Force along with a Center for Risk and Quantitative Analysis. Today’s article analyses the likely focus of the New Task Force, suggesting steps that issues can take...