An ethics standard-setter for the accounting profession is suggesting changes in how accountants should respond when they suspect illegal acts are being committed by a client or employer.

On Friday, the Securities and Exchange Commission leveled charges and an emergency asset freeze on the perpetrators of an alleged $600 million Ponzi scheme that was on the verge of collapse.

The Public Company Accounting Oversight Board on Wednesday adopted Auditing Standard No. 16, Communications with Audit Committees, which establishes requirements that enhance the relevance and timeliness of communications between the auditor and audit committee, in addition to amendments to other PCAOB standards.

The International Accounting Education Standards Board has drafted a proposed revision of its standards for the professional development of audit engagement partners.

An independent study of the Governmental Accounting Standards Board commissioned by its parent organization finds opinions divided on what GASB’s responsibilities should include as a standard-setter for state and local government accounting.

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

The Financial Accounting Standards Board has issued a staff paper with recommendations on which criteria and circumstances should be used to determine when it is appropriate to adjust U.S. GAAP reporting requirements for private companies.