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FCPA and Financial Accounting Fraud: Top SEC Enforcement Priorities in 2014

Tuesday, June 10, 2014
01:00 PM - 02:00 PM ET

This program will focus on the top enforcement priorities of the SEC and other government agencies for 2014. Our speakers will highlight the Foreign Corrupt Practices Act (FCPA) and the increased emphasis on the anti-bribery and books and records provisions. They will also discuss managing corporate risk in light of the SEC’s renewed focus on financial accounting fraud. Finally they will provide advice on how best to manage the growing concerns around cybersecurity disclosure and mitigation.

  • Foreign Corrupt Practices Act (FCPA) – focus on antibribery provisions, and the book and records and internal control provisions:
    •  Increased emphasis in recent years by SEC and DOJ – aggressive DOJ tactics
    • Increased interest by international regulatory counterparts
    • Increased international cooperation and coordination
    • Disgorgement of profits and fines can be massive
    • Investigations are lengthy and expensive
       
  • Financial Accounting Fraud – renewed focus on the following areas:
    • Accounting Fraud, including Revenue and Expense Recognition
    • Reserves
    • Valuation
    • Disclosure
    • Auditors (“Operation Broken Gate”)
       
  • Cybersecurity
    • Managing cyber risk
    • SEC Guidance on disclosure and mitigation
    • Steps to take in the event of an attack

when
Tuesday, June 10, 2014
1:00-2:00 p.m. ET

speakers
Susan D. Resley
Martha B. Stolley