Audit, Accounting & Financial Reporting
Practice Areas
Financial Services Litigation & Regulation
Strategic Discovery & Information Management
Looking Forward
We believe the SEC will continue its focus on accounting and auditing enforcement matters in 2019. In addition, the PCAOB has undergone changes at the board level and in their enforcement division that may signal a revamped approach. For instance, in late 2018 the PCAOB adopted amendments to its auditing standards, which provide updated guidance to auditing accounting estimates. The amendments emphasize that auditors need to apply professional skepticism, including addressing potential management bias, when auditing accounting estimates.