Milbank represents accounting firms in the United States and across the globe—including Big 4 network and member firms—in their most pressing civil litigation and regulatory matters.
We maintain a leading practice defending firms and individuals in Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) investigations and proceedings. We also regularly defend accountants in high-profile securities cases stemming from large financial frauds.
Our team—which includes two former SEC Enforcement Directors, a former SEC Chief Litigation Counsel, and six former Assistant United States Attorneys—helps auditor and accountant clients navigate their most sensitive and challenging regulatory matters, including securities fraud cases premised on alleged audit deficiencies, auditor independence matters, cheating and academic integrity issues, use of offshore service delivery centers, compliance with reporting requirements (e.g., Form AP, Form 2, audit committee communications) and alleged violations of professional and quality control standards.
In addition to aggressively defending litigated auditor and accounting cases, including trying them when necessary, we excel in identifying innovative ways to push back against unreasonable remedy demands and diving into workpapers to refute claims of audit deficiencies when an audit client engages in misconduct.
