The Financial Reporting and Audit Group (FRAud Group) is charged with developing techniques to identify potential accounting fraud. Which SEC division created the FRAud Group?

Question

Quizplus · Accepted Answer

The FRAud Group is a specialized group within the Division of Enforcement of the SEC. Its primary role is to focus on identifying and investigating financial reporting and auditing fraud within companies. The Division of Enforcement is responsible for investigating potential violations of securities laws, including fraudulent financial reporting.

The Financial Reporting and Audit Group (FRAud Group) Is Charged