The Latest

The Securities and Exchange Commission announced fraud charges and an emergency asset freeze against a Denver-based company and two Colorado residents for allegedly carrying out a $15.7 million Ponzi scheme that dragged in more than 120 investors nationwide.

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.

Information technology spending by the global wealth management industry will reach almost $35 billion by 2016, and will include heavy investment in digital channels, predicts global analyst provider Ovum.

A new whitepaper from Big Four firm PwC US says that internal audit departments should play a critical role in reducing their organization’s risk of data breaches and threats.

Travel and expense management service provider Concur has improved offerings for its now 3,000-member Advisor Program for accounting professionals and SMB consultants, as well as enhancing its Small Business Edition product.

Niall Ferguson led off the 2012 Agora Financial Investment Symposium in Vancouver, B.C., by lamenting that just 23 years ago, it all seemed so simple.

Deloitte opened its Deloitte University facility about a year ago and it’s already using the campus to host forward-looking discussions on talent development.

Three former employees of J.P Morgan Chase Bank pled guilty in Manhattan federal court to participating in two separate tax refund schemes that used the identities of Puerto Rican citizens to obtain fraudulent tax returns.

Accounting and business software vendor Sage North America is holding its annual Sage Summit with thousands of its partners in Nashville, Tenn.

Grant Thornton’s Detroit office has launched a $175,000 scholarship fund for students in Michigan State University’s Department of Accounting and Information Systems that, in the next five years, will support the school’s study abroad program and on-campus scholarships.