PCAOB Enforcement Activity in 2023 Reached its Highest Level Since 2017 as Monetary Penalties Nearly Doubled Previous Record
With an increase of more than 28%, 2023 monetary penalties imposed by the PCAOB nearly doubled compared to the record set in 2022.
Public Company Accounting Oversight Board (PCAOB) Enforcement Activity—2023 Year in Review
The Public Company Accounting Oversight Board (PCAOB) expanded its enforcement activity to the highest level since 2017.
Accounting Class Action Filings and Settlements—2023 Review and Analysis
The number of securities class action filings involving accounting allegations increased by nearly 10% in 2023 compared to 2022.
Number of Accounting-Related Securities Class Action Filings Rose in 2023 Despite Increase in Filing Lag to 10-Year High
Securities class action filings involving accounting allegations increased nearly 10% in 2023 compared to 2022.
SEC Accounting and Auditing Enforcement Activity—Year in Review: FY 2023
The SEC expanded its accounting and auditing enforcement activity in fiscal year 2023, while monetary settlements dropped for the second consecutive year.
Spike in Fourth Quarter SEC Accounting and Auditing Enforcement Activity Results in Notable Increase in FY 2023
In contrast, total monetary settlements were just over half of the average total settlements in the past five years.
Omni Logistics LLC v. Forward Air Corporation
After more than two months of litigation and moments before the commencement of trial, the parties moved forward with this acquisition.
The Hertz Corporation et al. v. Frissora et al.
The court granted the defendant’s motion for summary judgment in this matter involving clawback claims related to accounting errors.
2023 WWL: Thought Leaders – Commercial Litigation
Andrew Richmond, a leader in Cornerstone Research’s accounting practice, was recognized among the world’s foremost litigation practitioners.
WWL: Investigations Forensic Accountants 2023
Elaine Harwood and Carlyn Irwin are again recommended as Global Leaders among forensic accountants in the legal investigations space.
Trends in PCAOB, SEC Accounting and Auditing Enforcement Actions
Elaine Harwood discussed accounting and auditing enforcement at the PCAOB and SEC with Thomson Reuters on June 14, 2023.
SEC Accounting and Auditing Enforcement Activity Increased Sharply in FY 2022
Total monetary settlements decreased substantially compared to FY 2021.
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