The Latest

The formal business dinner is slowly dying. For me, it’s already dead.

Kentucky’s largest CPA firm, Mountjoy Chilton Medley, is planning to combine with McCauley Nicolas, the largest Southern Indiana accounting firm in the Louisville metropolitan area.

The Public Company Accounting Oversight Board has reached a tentative agreement to begin observing Chinese regulatory authorities during inspections of auditing firms in China as a kind of “trust-building exercise.”

I speak with many executives who, when asked about whether or not they have an anti-fraud hotline in place, respond, “We don’t need an anti-fraud hotline; I know what goes on in my company.”

Deloitte hosted a dinner in New York on Wednesday to discuss its recently launched Deloitte University and how it is training its accountants and consultants.

Accounting and professional services firm Kolb+Co. has recently launched a new blog, The Kolb+Co Element.

Crowe Horwath LLP, one of the biggest accounting and consulting firms in the U.S., has chosen Templeton Solutions to help configure and implement its Microsoft Dynamics Customer Relationship Management system for its offices across the country.

Mitt Romney released his 2011 tax return this afternoon, which revealed that the Republic presidential candidate paid taxes of $1,935,708 on $13.7 million in income, mostly from investments, giving him an effective tax rate of 14.1 percent.

The Chicago office of global consulting firm Protiviti awarded two local students with renewable $5,000 college scholarships, funded through employee contributions to the firm’s CommUnity Scholarship Program.

The business manager for Prince Rogers Nelson, the recording artist known as Prince, said her client will respond to a request from the U.S. Internal Revenue Service for tax information.