As noted in this Reuters article, the SEC’s Enforcement Division has formed a new “SOX Group” that will target auditors for violations of auditing and professional standards. Here’s the job posting for the head of this new group, which includes a high-level description of this new group.
This is happening at the same time that the SEC is cutting the budget – and thus the staffing – at the PCAOB, which has handled most of this type of enforcement work since the PCAOB was first established over 20 years ago…
Authored by
Broc Romanek