The Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government.

The Top 20 Firm is adding a firm based in the Minneapolis-St. Paul area.

Warren Averett became the latest accounting firm to receive capital from a private equity or investment firm, but in this case the money will go to the firm’s asset management subsidiary.

Ernst & Young acquired Tao Leadership; Withum added Glick & Associates; Erickson, Brown & Kloster plans to combine with Osborne, Parsons & Rosacker; and Harris CPAs merged in Ataraxis Accounting and Advisory Services and Deagle Ames.

The Michigan-based Top 100 Firm is acquiring the firm of Darlene Plumly CPA.

The New York-based Top 30 Firm has added Boston-based DGC, which was formerly DiCicco, Gulman & Co.

The Top 25 Firm is expanding in Rhode Island and Florida.

The Top 50 Firm is increasing its presence in Kansas City, Missouri.

The cloud accounting provider is spending $19 million on Locate Inventory.

The tax compliance software developer is aiming to fund product innovation and meet growing demand.

Baker Tilly plans to acquire The Compliance Group; Blue & Co. partially acquires Stuedle, Spears, & Company; and Anderson Anderson & Brown merges in Sagars.

The Top 25 Firm is expanding in Georgia by adding a firm based in Atlanta.

The deal will expand the firm’s presence in the Boston area and with clients in the life sciences sector.

Oak Street Funding, a First Financial Bank company that specializes in loans to CPAs, said it is doubling the lending limit for customers to support mergers and acquisitions, successions, technology investments and growth-focused initiatives at firms.

Citrin Cooperman, a Top 25 Firm based in New York, has added OLC Management Inc. a California-based business management firm in the entertainment industry.

The deals will help merchants automate cross-border transactions.

LGA merged in ALL CPAs; BA, Inc. combined with Flynn Accounting Solutions; HW&Co. added the Shealy Group; De Boer, Baumann partnered with NetWerks; and Avantax acquired Warner Finance.

The Toronto-based financial consolidation and close management software provider is adding U.K.-based XLCubed Ltd.

The Scottsdale, Arizona-based firm is adding in The Mobius Group of St. Paul.

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination.