In her keynote at this year’s Midwest Accounting & Finance Showcase, Illinois CPA Society president and CEO Elaine Weiss highlighted several of the most important issues facing the profession.

Finding the best managing partners starts with asking what the best MP should be

Cindy Fornelli, executive director of the Center for Audit Quality, sees the demands increasing for auditors to do a better job of demonstrating independence, objectivity and professional skepticism, especially in the wake of recent financial scandals.

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 Securities and Exchange Commission is paying nearly $50,000 to a whistleblower who helped prevent a multimillion-dollar securities fraud, in the first award paid under a new whistleblower program.

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.