Audit & Accounting

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.

Rod Axtell joins the firm as partner. Four other staff members will also follow.

Accounting Today has partnered with leading bill payment, invoicing and cash management solution provider Bill.com on a new video panel, "Finance in the Cloud," that features an in-depth discussion of the potential and best practices for accountants operating in the cloud.

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.

Part 1 of our exclusive video roundtable on accountants and the cloud,

Part 2 of our exclusive video roundtable on accountants and the cloud focuses on the potential for creating uniform firm processes and approaches.

Part 3 of our exclusive video roundtable on accountants and the cloud focuses on the security benefits that come with adopting the cloud.

Part 4 of our exclusive video roundtable on accountants and the cloud focuses on how the cloud enables verticalization and vertical-focused strategies.