Recent Brattle Report on SEC & PCAOB Enforcement Activity Involving Auditors in 2024 Featured Across Several Media Outlets
A recent Brattle report analyzing overall enforcement activity from the two regulators, comparing 2024 data to 2022 and 2023 and to activity during 2018–2021, has been featured by several media outlets, including Thomson Reuters, Accounting Today, Yahoo Finance, and The Accountant-Online.
According to the report, combined auditor enforcement activity by the Public Company Accounting and Oversight Board (PCAOB) and the US Securities and Exchange Commission (SEC) remained elevated in 2024, continuing a trend of heightened enforcement that began in 2022. However, major legal obstacles – the Supreme Court’s June 2024 ruling in SEC v. Jarkesy and multiple ongoing lawsuits challenging the PCAOB’s enforcement authority – significantly muted SEC activity and may have been the catalyst for the unprecedented slowdown in PCAOB activity in the second half (H2) of the year.
View coverage of Brattle’s report in outlets such as the following:
The report, 2024 Enforcement Activity Involving Auditors: SEC & PCAOB Enforcement Actions Brought Against Public Accounting Firms and Individuals, was authored by a Brattle team led by Principal Alison Forman and Associate Adam Karageorge.
