Practice Management

The Internal Revenue Service is preparing for the potential transition of U.S. publicly held companies to International Financial Reporting Standards and the impact IFRS will have on tax administration, according to a new government report.

SS&G completed a merger Wednesday with Ahlbeck & Co., expanding the Cleveland-based accounting and consulting firm’s presence to Chicago.

Meyers Norris Penny, one of Canada’s largest accounting and business advisory firms, said it would merge with Montreal-based firm WSBG, effective Jan. 1, 2011.

The Treasury Inspector General for Tax Administration has agreed to the request from Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee, and six other committee members to conduct an investigation of whether Obama Administration officials illegally accessed and disclosed confidential taxpayer information involving a particular taxpayer.

Two Sacramento-area accounting firms, Gallina LLP and Burnett + Company LLP, have agreed to combine, effective Oct. 1.

McGladrey & Pullen and a firm it acquired four years ago have agreed to pay the Commodity Futures Trading Commission a total of $1.7 million for their audits of the bankrupt Sentinel Management Group.

CPA and advisory firm Anton Collins Mitchell has merged with Greeley, Colo.-based Watkins & Schommer, giving ACM a presence in Northern Colorado.

The IRS plans to take a closer look at businesses that don't file their tax returns, and identify more of them.

Global CPA and business advisory firm Grant Thornton has acquired the Disputes and Investigations Practice of Huron Consulting.

Marcum LLP has combined with Stonefield Josephson, expanding the firm’s footprint to California and Hong Kong.