SEC Accounting and Auditing Enforcement Activity—Year in Review: FY 2023
Published on:
Feb 27, 2024
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This report covers the SEC's accounting and auditing enforcement activities in fiscal year 2023. The SEC significantly increased its enforcement actions (22% increase) compared to the previous year, focusing heavily on accounting and auditing issues. However, monetary settlements for these actions decreased for the second year in a row, potentially due to the SEC rewarding companies that cooperate and take corrective measures. The report also found an increase in non-monetary penalties imposed on individuals and firms.
