The Securities and Exchange Commission has announced that Michael F. Maloney has been named the new chief accountant in the SEC’s Division of Enforcement.
Maloney joins the SEC enforcement staff from Navigant Consulting Inc., where he is a managing director and oversees the firm’s forensic accounting practice. He has led teams conducting complex forensic investigations in high-profile accounting, securities, and other fraud matters. Maloney has more than 25 years of experience advising on financial accounting and reporting, including GAAP, GAAS, and SEC filings. He is a certified public accountant and certified fraud examiner, and he holds a certification in financial forensics.
Maloney is planning to begin work at the SEC later this month.
'Our capital markets depend heavily on access to reliable information, and I am pleased that Michael will join the Enforcement Division’s efforts to pursue financial reporting and accounting fraud', said Andrew J. Ceresney, director of the SEC’s Division of Enforcement. 'His energy and deep expertise will be a great help to us in this priority area'.
Earlier in his career, Maloney performed and supervised financial statement audits at public and private entities in a variety of industries. Maloney’s work experience includes many analyses performed for people under civil and criminal investigations for accounting, auditing, and financial reporting-related violations. He has provided expert witness assistance on a variety of subject matters, including testifying at trials.
'I am honored and excited for the opportunity to join the Division of Enforcement as chief accountant', Maloney said. 'I look forward to working and collaborating with the division’s dedicated and talented professionals in ongoing efforts to protect investors from accounting, financial reporting, and other types of fraud'.
Maloney, who began working at Navigant in 2002, was previously a partner at Arthur Andersen LLP. Maloney has served as an adjunct professor at Georgetown University’s McDonough School of Business, where he has taught an MBA-level course in forensic accounting.
Maloney earned his B.S. in Accountancy with high honors from the University of Illinois.
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