As enforcement priorities shift and regulatory oversight appears to enter a lighter phase, organizations may be tempted to scale back on compliance and governance efforts. However, history tells us that such periods often precede major corporate scandals.

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Reduced scrutiny, combined with economic pressures and evolving risk areas like crypto, environmental disclosures, and global operations, creates fertile ground for misconduct to spread undetected. While federal regulators may narrow their focus, enforcement continues through international authorities, state attorneys general, auditors, private litigation, and empowered whistleblowers—underscoring that the risk of fraud remains real and cumulative.

Now is the time for companies to strengthen—not sideline—their compliance programs. Robust internal controls, clear governance practices, and forward-looking risk assessments are essential, particularly in uncertain economic conditions and rapidly changing industries. Organizations that treat this moment as a call for vigilance, rather than complacency, will be better equipped to prevent misconduct and protect their reputations. The enforcement cycle may ebb and flow, but the consequences of failing to uphold ethical standards are enduring.

Find out how to begin in Accounting Today.


If you have any questions or would like to discuss this topic please reach out to Xavier Oustalniol.

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About the Authors

Xavier Oustalniol

Xavier Oustalniol

Xavier Oustalniol is a Partner with StoneTurn in San Francisco. He focuses on complex forensic accounting issues, fraud investigations and prevention, and anti-corruption matters, and provides consulting services regarding damages […]

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