Practice Management

Management consulting firm Navigant Consulting Inc. will acquire Canadian forensic accounting practice Kroll Lindquist Avey for $20 million.

Convergys Corp., a provider of customer care, human resources and billing services, completed its acquisition of the finance and accounting business process outsourcing line of Deloitte Consulting Outsourcing LLC, a subsidiary of Deloitte Consulting LLP.

Midwest accounting heavyweight Larson, Allen, Weishair & Co. LLP has acquired southwestern Florida firm Girardin, Briant & Baldwin LLC in a merger effective Aug. 1.

Auto-parts manufacturer Visteon Corp. expects to report a loss of $1.2 billion in its second quarter after reducing the value of assets it will transfer to Ford Motor Co.

As part of a plan for strategic growth, Citrin Cooperman & Company LLP recently announced that it will take on four partners from the boutique New York firm Weinick Sanders Leventhal.

National Taxpayer Advocate Nina E. Olson urged the Internal Revenue Service to focus more broadly on steps to increase voluntary compliance.

Executive compensation has been under scrutiny on several fronts in recent years.

* STRONG RESPONSE TO STOCK OPTION, SON OF BOSS INITIATIVES: The executive stock option settlement initiative launched in February has received a strong turnout, according to the Internal Revenue Service. The initiative provided corporate executives and their companies with a means to resolve an abusive tax transaction involving the transfer of stock options to family-controlled partnerships.

Time Warner Inc. will set aside $3 billion in reserves for shareholder lawsuits over the AOL merger, and in a separate announcement, plaintiff lawyers said that accounting firm Ernst & Young, the company's auditor, has agreed to contribute another $100 million.

Armanino McKenna LLP, one of the largest accounting