A team of accountants and lawyers, led by a Gibson Dunn alumThe new Financial Reporting and Accounting Unit will operate within the SEC’s Division of Enforcement, focusing on accounting fraud, financial reporting violations, and misconduct involving accountants and auditors. Enforcement Director David Woodcock, who also joined the SEC in May, previously worked at Gibson Dunn. The new unit combines two teams of lawyers and an accounting expert team using existing personnel and some new employees. At the 2026 SEC Speaks Conference, SEC Enforcement Chief Accountant Ryan Wolfe mentioned that accounting cases are “not dead,” and noted the SOX Group created for auditing and Sarbanes-Oxley violations. The Financial Reporting and Accounting Unit is a continuation of an initiative that was announced in March that targets misconduct within the audit profession.