Jesse Jensen, Sarah Schmidt, and Tom Sperber Examine the Impact of High-Profile Audit Failures in The Review of Securities & Commodities Regulation

June 12, 2024

In the article “2024 Developments for Auditor Regulation Under the U.S. Securities Laws” published by The Review of Securities & Commodities Regulation, BLB&G Partner Jesse Jensen and Associates Sarah Schmidt and Tom Sperber examine how recent high-profile audit failures have eroded public confidence in auditors as financial gatekeepers. They review regulators’ 2024 enforcement actions against audit firms, analyze a key U.S. Supreme Court ruling that could limit the authority of financial regulators, and discuss efforts by investors to hold auditors accountable through private litigation, despite mounting legal challenges.