On August 5, 2026, the SEC announced the creation of a new Financial Reporting and Accounting unit within the Enforcement Division.  In the related Press Release, David Woodcock, Director of the Enforcement Division, stated:

 “This new unit – which expands on the Division’s current and historical efforts to crack down on bad actors in the accounting and auditing profession – will be critical in our efforts to pursuing financial reporting fraud, as well as accounting and auditor misconduct more generally.”

The new unit will include both attorneys and accountants.

As always, your thoughts and comments are welcome!