Simona Mola
Principal | Cornerstone ResearchJean-Philippe Poissant
Principal | Cornerstone ResearchSEC Accounting and Auditing Enforcement: Navigating Regulatory Storms | Live Webinar
Thursday, May 29, 2025 from 3:00 PM to 4:00 PM (ET) | On-Demand 24 hrs later
The U.S. Securities and Exchange Commission (SEC) drastically reduced its accounting and auditing enforcement activity in fiscal year 2024, the final year of Gary Gensler’s administration, ending two consecutive years of annual increases. In contrast to other SEC priorities under Chair Gensler, such as cryptocurrency and off-channel communications, accounting and auditing enforcement activity generally declined.
Compared to four-year period (FY 2017–FY 2020) under Jay Clayton, who was the SEC Chair during the first Trump administration, the SEC accounting and auditing enforcement activity under the Gensler period (FY 2021–FY 2024) declined in terms of total number of actions initiated or settled. The average total settlement amount per year during the Gensler period also declined to $647 million, down from $796 million imposed during the Clayton period.
As we look at the new SEC priorities during the second Trump administration, these trends highlight the dynamic nature of enforcement and the influence of changing leadership and priorities on overall activity.
Key Topics:
- Understand the overall decline in SEC accounting and auditing enforcement actions and how these changes reflect shifting regulatory priorities.
- Compare trends in accounting and auditing enforcement and settlement activity between SEC administrations.
- Learn how changes in accounting and auditing enforcement priorities impact the amount and composition of monetary penalties, preparing for future regulatory developments.
Agenda:
Segment 1:
Jean-Philippe Poissant, Principal, Cornerstone Research,
&
Segment 2:
Simona Mola, Principal, Cornerstone Research
- Understand the overall decline in SEC accounting and auditing enforcement actions and how these changes reflect shifting regulatory priorities.
- Compare trends in accounting and auditing enforcement and settlement activity between SEC administrations.
- Learn how changes in accounting and auditing enforcement priorities impact the amount and composition of monetary penalties, preparing for future regulatory developments.
Who Should Attend:
- Chief Financial Officers (CFOs), Controllers, and Finance Executives
- Internal and External Auditors
- General Counsel, Legal Advisors, and In-House Attorneys
- CPAs and Accounting Professionals
- Attorneys Practicing in Securities, Corporate, and Regulatory Law
Credit:
Course Level: Intermediate | Advance Preparation: Print and review course materials
Method of Presentation: Live Webcast; Group-Internet Based | Prerequisite: General knowledge of SEC reporting requirements and basic accounting
NASBA Field of Study: Accounting – Technical
Course Code: 1411472 | Total Credit: 1.0
CPE Credit: 1.00 CPE (Not eligible for QAS (On-demand) CPE credits)
CLE Credit: CA CLE 1.00 General – Approved Until: 05/29/2027
PA CLE 1.00 General – Approved Until: 05/29/2027
VT CLE 1:00 General – Approved Until: 12/31/2026
NJ CLE 1:00 General – Credits through Reciprocity
AR CLE 1:00 General – Credits through Reciprocity
CT CLE 1:00 General – Credits through Reciprocity
NH CLE 1.00 General – Meets the requirements of NH Supreme Court Rule 53
MO CLE 1.00 General – Approved Until: 05/29/2025
Pending CLE Application:
GA, TN, WI
Self-Apply:
AL, CO, DE, FL, ID, IL, IN, IO, KS, KY, LA, NC, ME, MN, MS, MT, NE, NV, ND, OH, OK, OR, SC, TX, UT, VA, WA, WV, WY
If you’d like us to apply for CLE, you may opt to pay the CLE processing fee here.
No MCLE Requirements:
DC, MD, MA, MI, SD
Not Eligible for CLE:
AK, AZ, HI, NY, NM