Accounting Fraud & SEC Investigations: What Lies Ahead in 2017 & Beyond
In the past years, the Securities and Exchange Commission (SEC) has renewed its focus in combating financial fraud and accounting irregularities. It introduced the Corporate Issuer Risk Assessment (CIRA) tool in 2015 and brought prominent accounting and reporting actions against entities and individuals. The SEC also continues to focus on two important gatekeepers - the audit committee and the outside auditors.
The SEC's increased scrutiny of financial statements strongly implies that companies need to pay heightened attention to their accounting practices.
This course offers discussion of SEC's accounting fraud enforcement initiatives. A panel of thought leaders and practitioners will help companies and individuals avoid the SEC crosshairs through effective compliance practices.
In a one-hour LIVE Webcast, the speakers will discuss:
- Recent SEC Enforcement Actions - Review and Analysis
- SEC Financial Reporting and Audit Group (FRAud Group)
- Corporate Issuer Risk Assessment (CIRA) tool
- Significant Issues for Financial Statement Disclosures
- Best Compliance Practices
Joe Gardemal, Managing Director
Alvarez & Marsal Holdings, LLC
Adoria Lim, Principal
The Brattle Group
Overview of Significant SEC Enforcement Actions
- Focus on Municipal Finance: City of Miami and Michael Boudreaux, Municipal Securities
- Focus on Cost Recognition: Monsanto and Roundup Rebates
- Focus on the Foreign Corrupt Practices Act: Pharma and Medical Sales in China and Brazil
What Recent Enforcement Actions Say About SEC Focus
- Potentially slower pace and fewer investigations
- Emphasis on individual, rather than corporate, responsibility
- More enforcement related to Non-GAAP financial measures
- More focus on internal control
- More enforcement related to auditors ("gatekeepers")
Who Should Attend:
- CFOs & Finance Executives
- Financial Fraud Practicing Lawyers
- Senior Financial Management
- Fraud Monitoring Officers
- Fraud Analysts
- Compliance Officers
- Public and Private Companies
- And Other Related Professionals
Joe Gardemal is a Managing Director with Alvarez & Marsal Disputes and Investigations in Washington, D.C. He is a Certified Public Accountant and has nearly 30 years of experience in auditing and forensic accounting investigations. His practice focuses on assisting Boards of Directors, Audit Committees, Management, and Counsel in determining key accounting risks, detecting accounting errors and irregularities, delivering investigative solutions and corrective action, and assessing and presenting the effectiveness of investigative results to all stakeholders, including external auditors and regulators.
Mr. Gardemal has led accounting investigations for clients around the world in industries including aerospace and defense; automotive; construction; and financial services. He has served as an expert witness for the Securities and Exchange Commission and the Department of Justice, and has provided expert testimony in U.S. State and Federal Courts and in international matters. He is a former United States Army officer and a veteran of the Iraq War, where he commanded a Special Operations Command unit in the opening days of the war.
Joe Gardemal is a Managing Director with Alvarez & Marsal Disputes and Investigations in Washington, D.C. He is a Certified …
Adoria Lim is a Certified Public Accountant (CPA) with over 15 years of experience in accounting and finance at a Big 4 accounting firm, a Fortune 500 publicly-traded company, and top-tier and boutique consulting firms. She focuses on cases that involve accounting, auditing, finance, and damages issues.
Ms. Lim has over a decade of litigation experience. She has directed research involving the evaluation of financial accounting and disclosures with regard to Generally Accepted Accounting Principles (GAAP), the evaluation of audit and review procedures with regard to Generally Accepted Auditing Standards (GAAS), the evaluation of the adequacy of internal controls over financial reporting (ICFR), and the appropriateness of cost accounting allocations.
She is a CPA in the State of California, a Certified Fraud Examiner, and is also Certified in Financial Forensics (CFF) by the American Institute of Certified Public Accountants (AICPA).
Adoria Lim is a Certified Public Accountant (CPA) with over 15 years of experience in accounting and finance at a …
Print and review course materials
Method of Presentation:
Experience in securities
NASBA Field of Study:
Accounting - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Alvarez & Marsal Holdings, LLC
Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to activate change.
Privately-held since 1983, A&M is a leading global professional services firm that delivers performance improvement, turnaround management and business advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action. Our senior professionals are experienced operators, world-class consultants and industry veterans who draw upon the firm's restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.
When action matters, find us at alvarezandmarsal.com. Follow A&M on Facebook, LinkedIn and Twitter.
About The Brattle Group
The Brattle Group provides consulting and expert testimony in economics, finance, and regulation to corporations, law firms, and governments around the world. We are distinguished by our credibility and the clarity of our insights, which arise from the stature of our experts, affiliations with leading international academics and industry specialists, and thoughtful, timely, and transparent work. Our clients value our commitment to providing clear, independent results that withstand critical review.
Our experts have extensive experience advising clients on financial accounting and reporting, disclosures, regulatory accounting, managerial and cost accounting, forensic accounting, and auditing. We address both liability and damages issues related to securities class actions, internal investigations, antitrust litigation, tax controversies, international arbitrations, M&A disputes, intellectual property disputes, and breaches of contract.