Audit & Accounting

The Rehmann Group plans to merge with MSW Group to create Michigan's second largest wealth management and consulting firm.

The labor supply may experience shortages in coming years as more Baby Boomers retire, according to a study by KPMG.

Below is a reproduction of the main portion of the opening page of a Web site that I visit quite often.

The Treasury Department has expanded its financial bailout program to $700 billion in an effort to relieve banks and other financial institutions of their troubled mortgage assets.

The American Bar Association is urging the Financial Accounting Standards Board to delay implementing a proposed standard for loss contingencies arising from business combinations, warning of harmful, unintended consequences.

A long-awaited overhaul of accounting for business combinations and consolidations was recently completed by the Financial Accounting Standards Board.FASB issued a revised version of FAS 141, Business Combinations (FAS 141(R)) and the new FAS 160, Noncontrolling Interests in Consolidated Financial Statements, which is an amendment of ARB No. 51.

There are hundreds of CPA firms that claim to provide wealth management services to their clients. For those that truly do, hats off, as many do a fine job.But for the majority of firms that I encounter, they're dreaming if they think that what they are doing is remotely close to wealth management.

AICPA AND TEXAS TECH PARTNER ON PFS TRAININGThe American Institute of CPAs and Texas Tech University's Division of Personal Financial Planning have teamed up to offer a new educational program for gaining the AICPA's Personal Financial Specialist credential.

Smart noNprofits know that donor giving is often reflective of the health of the financial markets.As a result of the current economic malaise, many organizations have honed their strategies in the event of economic rumbles by taking more effective measures to protect themselves, according to Greg Allender, managing director and business unit president at CBiz Accounting, Tax and Advisory Services in Bethesda, Md.

The Public Company Accounting Oversight Board along with regulators, audit firms and investor oversight groups are hailing a decision by an appeals court that upheld the constitutionality of the audit firm overseer.Ending a two-year legal battle, the U.S. Court of Appeals for the District of Columbia Circuit held that the manner in which the organization's board members are appointed and overseen under the Sarbanes-Oxley Act is constitutional. The decision was split 2-1 among the judges.