The Latest

Ernst & Young has elected Mark Weinberger as the firm’s next global chairman and CEO, succeeding Jim Turley, who plans to retire in June 2013.

Smolin Lupin & Co. of Fairfield, N.J., has merged with McKinley White & Co., LLP of Paramus, N.J., expanding the firm’s services in the not-for-profit, education and transportation sectors.

The Government Accountability Office has provided Congress with a guide for screening and assessing proposals to disclose confidential tax information to specific parties for certain purposes.

The Internal Revenue Service has issued a notice that provides transitional relief from information reporting requirements for issuers of stock with respect to organizational actions that affect the basis of the stock.

Large accounts payable organizations manage millions of payments to thousands of vendors each year.

Financial Accounting Standards Board chair Leslie Seidman has been reviewing the suggestions that have been coming in about the proposed Private Company Standards Improvement Council while awaiting a decision on how much authority her board will have over the new council.

Cloud-based credit management application Bectran Inc. has released an all-in-one cloud business-to-business trade credit processing system designed to streamline and automate the entire credit process, eliminating the need for paper, faxes, or phones.

President Obama proposed Friday to consolidate six major federal departments and agencies that oversee various aspects of business in the U.S., including the Commerce Department and the Small Business Administration.

RKL Admits Three Partners

The Internal Revenue Service has begun offering a $25,000 buyout program to encourage up to 400 of its employees to accept retirement or early retirement by March.