Partner John Carney commented on the new Financial Reporting and Accounting Unit announced last week by the Securities and Exchange Commission in a Thomson Reuters article titled “SEC Forms Specialized Unit to Tackle Accounting Fraud.” Published Aug. 13, 2026, the article discussed how the new unit will pursue accounting and financial reporting fraud cases and general misconduct in the accounting/auditing areas. Carney commented that the fact the unit was formed at all gives a clear indication that the SEC believes there are problems in the industry and is serious about pursuing them.
