Enforcement Activity Involving Auditors – 2024 Mid-Year Update
A new report from The Brattle Group analyzes trends in enforcement activity against auditors brought by the Public Company Accounting and Oversight Board (PCAOB) and the US Securities and Exchange Commission (SEC) in the first half of 2024. The report finds that activity in the first six months of the year is already significantly outpacing activity from the first half of 2023, continuing a trend of overall heightened activity that’s been established by both regulators in the past two years.
Authored by Principal Alison Forman and Associate Adam Karageorge, “Enforcement Activity Involving Auditors – Mid-Year Update” follows a January 2024 Brattle report analyzing 2018–2023 SEC and PCAOB enforcement activity against auditors. The new report examines how five predictions made in the January 2024 publication – including predictions related to overall enforcement activity and the regulators’ heightened focus on audit firm culture – have fared in the first half of the year. Also discussed are major developments in the first half of 2024 that could have a significant impact on enforcement activity against auditors.
The full report and the press release are available below.
