Financial reporting

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

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.

Part 5 of our exclusive video roundtable on accountants and the cloud focuses on the benefits of mobility and constant access.

Part 6 of our exclusive video roundtable on accountants and the cloud focuses on firm profitability.

(Bloomberg) Peregrine Financial Group Inc. founder Russell Wasendorf Sr. pleaded not guilty to 31 counts of lying to U.S. regulators about the value of customer funds held by his now-bankrupt commodities firm.

Marc Silverman joins Morristown office

New consulting program will help CPA firms see if wealth management is right for them.

Accounting Today has announced the agenda of its third annual Growth & Profitability Summit, which will be held Oct. 28-30, 2012, in Boca Raton, Fla.

Recent promotions, new hires and more

The Financial Reporting Executive Committee of the American Institute of CPAs has issued a working draft of the accounting content of a proposed Audit and Accounting Guide on not-for-profits.

Michael Biondo, a tax manager at the Buffalo, N.Y.,-based firm of Freed Maxick CPAs PC -- also know as as Duke Maynard von dem Steine in the kingdom of AEthelmearc -- was recently selected as Accounting Today’s newest Accountant of the Month.

The Financial Accounting Standards Board has released a proposed Accounting Standards Update that is intended to improve the presentation for reclassifications out of accumulated other comprehensive income in a manner that balances the benefits to users of financial statements, without imposing significant costs to preparers of financial statements.

Submissions for our September Accountant of the Month close next Friday, Aug. 17

Stephen D. Mayer has stepped down as CEO of Top 100 California firm Burr Pilger Mayer, effective August 1, according to an internal email obtained by Accounting Today.