CFO Studio Magazine with Robert Falzon, CFO, Prudential

10 WWW.CFOSTUDIO.COM Q2 2017 SPECIAL FEATURE L ooking back, 2010 was a watershed year inside the U.S. Securities and Exchange Commission, when multiple shifts occurred that etched a fault line and established a new era. In the aftermath of the financial crisis where some $9 trillion was lost by U.S. homeowners alone, the SEC was on the hot seat to make sure nothing of the sort happened again. To aid in its role of protecting investors from fraud, the agency reorganized its inspection unit. In addition, the SEC geared up to implement and enforce the many provisions of a bill enacted that July, the Dodd-Frank Wall Street Reform and Consumer Protection Act. And its Office of Financial Management named a new chief financial officer: Kenneth A. Johnson. With a weighty mandate — to protect investors; maintain fair, orderly, and efficient markets; KENNETH A. JOHNSON,THE CFO OF THE SEC WILL NEVER OUTGROW HIS CONCERNS ABOUT AUDIT REPORTS BY JULIE BARKER All His Ducks in a Row