Aug 72026

New SEC Unit Signals Continued Focus on Accounting and Auditing Misconduct

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On August 5, the U.S. Securities and Exchange Commission (SEC) announced it is establishing the Financial Reporting and Accounting Unit (Unit) as a new unit within its Division of Enforcement. The Unit will be led by Timothy Zimmerman, who served as Deputy General Counsel of accounting firm RSM US following twelve years in private practice. It will focus on investigations of accounting and financial reporting fraud and general accounting and auditing misconduct. Establishing the Unit institutionalizes a priority area that both Chairman Paul Atkins and Enforcement Director David Woodcock highlighted in their prior public remarks.

Read the full SEC press release here.

This post is as of the posting date stated above. Sidley Austin LLP assumes no duty to update this post or post about any subsequent developments having a bearing on this post.

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