Audit & Accounting

The Securities and Exchange Commission has adopted a rule mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act requiring companies to publicly disclose their use of conflict minerals that originated in the Democratic Republic of the Congo or an adjoining country, and independently audit the reports.

Daniel Rezin will join the fee-only wealth management firm’s executive management team

Recent promotions, new hires and more

Recent network memberships, awards, new Web sites and more

John Reynolds has been promoted to principal in the firm’s Wilkes-Barre office.

The Securities and Exchange Commission adopted rules Wednesday mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act requiring companies engaged in extracting oil, natural gas or minerals to disclose any payments they make to the U.S. government or foreign governments.

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.

A new report from the Public Company Accounting Oversight Board indicates that auditing firms have apparently ignored or forgotten the lessons that came out of the Bernard Madoff scandal and similar financial frauds of recent years.

Susan Corderman Clifford and Michael Rundbaken moved up the ranks at the Savannah, Ga.,-based firm.

The Public Company Accounting Oversight Board said in a report Monday that its initial inspections of auditors of broker-dealers uncovered problems with all of the audits.