Practice Management

It looks like banking executives shift their focus toward regulation and placed mergers and acquisitions on the back burner, according to recent survey by KPMG LLP.

Santos, Postal & Co. adds Thompson & Associates PC to its roster. The merger is expected to close August 1, 2013.

Audit and risk management product maker ACL had released ACL Analytics version 10 - formerly known as ACL Desktop – with enhancements to allow risk, compliance, audit, IT and financial control professionals to uncover business risk in organizational data and an integration with a forthcoming governance, risk and compliance management product.

A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that appraisers of employee stock ownership plans are not fiduciaries under ERISA.

Apple Inc. Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.

Industry specialization can help CPAs establish a marketing platform to amplify their firm’s reputation, reach and revenue.

Abdo, Eick & Meyers LLP has merged with Francis & Associates PA. The merger will take effect on Nov. 1. 2013.

Wolters Kluwer has acquired Prosoft Tecnologia, a provider of tax and accounting software based in Sao Paolo, Brazil.

The Internal Revenue Service’s Large Business & International division and its Wage and Investment division have teamed up to create a discovery tool for taxpayers with international filing requirements.

The Internal Revenue Service said it would refund fees collected for registered tax return preparer tests that were canceled due to a court injunction.