The Securities and Exchange Commission and the Public Company Accounting Oversight Board are expanding their efforts to deter accounting fraud, reaching out to academics, practitioners and others to find ways to better detect accounting fraud.

The SEC announced new initiatives in July to target the problem, including a new Financial Reporting and Audit Task Force (see SEC Creates Task Force to Combat Accounting Fraud). SEC chief accountant Paul Beswick and PCAOB board member Jay Hanson talked more about the initiative during a joint discussion Tuesday at Financial Executives International’s Current Financial Reporting Issues conference in New York.

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