Just a few days ago, I shared my thoughts with you about having a CPA, Certified in Financial Forensics (CFF), to head the Securities & Exchange Commission. Someone must have been listening in because the SEC recently announced that its new Inspector General is a CFF. It is not quite a commissioner, but it is a step in a great direction. The SEC’s Office of Inspector General (OIG) is an independent office set up to audit and investigate fraud, waste and abuse within the SEC. It is all rather meta – this is the office that polices the securities police. In the appointment of Mr Hoecker to head the SEC’s Office of Inspector General is the perfect opportunity to demonstrate the strengths of the CPA Forensic Accountant. The SEC’s Office of Inspector General has recently been the rocked scandal and is being sued, so it is in desperate need of a truly independent leader who is skilled and experienced in the investigation of fraud and who knows the ins and outs of objective and independent audits. Today a CFF policing the police, tomorrow… watch this space.
