Deloitte & Touche has signed a memorandum of understanding with Canadian accounting firm Scott Rankin & Gardner for a potential merger.

The Canadian firm has 30 partners and staff, and offers an opportunity for Deloitte to expand its presence in Ottawa serving private companies.

"Deloitte is committed to helping private companies succeed," said Scott Rankin & Gardiner managing partner Doug Rankin in a statement. "Their values and culture are a good match with ours. We are excited about the potential of joining forces with Deloitte."

In other Deloitte news, the firm has released a white paper on how companies should assess their technology to ensure a smooth transition to International Financial Reporting Standards. The white paper, "Technology Implications of IFRS Adoption for U.S. Companies," is available at www.deloitte.com/us/ifrs/technology.

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