Northeast super-regional CPA and business advisory firm J.H. Cohn has merged with Glastonbury, Conn.-based Haggett Longobardi, effective June 1. Terms were not disclosed. Going forward, the Glastonbury office will now do business as Haggett Longobardi, a Division of J.H. Cohn LLP. The move will add 85 staffers to J.H. Cohn, including 66 professionals and 12 partners. Haggett Longobardi has specialties in the manufacturing and distribution, real estate and health-care sectors, as well as international client experience. Frank Longobardi, one of the firm's founding partners, will continue to run the Glastonbury office. The union with Haggett is the second merger within a month for J.H. Cohn. In May the firm added New York City-based Berenson LLP, which has an established apparel industry niche. Ranked No. 16 on Accounting Today's 2007 Top 100 Firms, J.H. Cohn generated revenues of $175 million.
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Despite high confidence from leaders in AI outputs, more than a quarter of executives said internal audits have detected AI errors that reached external audiences or the board.
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The Treasury Department's Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.
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The American Institute of CPAs asked the Treasury and the IRS to revise three of their recent notices on the corporate alternative minimum tax.
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The proposed regulations clarify nondiscrimination requirements for employers offering Trump account contribution programs and dependent care assistance.
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The International Financial Reporting Foundation named Steven Maijoor as the next chair of the IFRS Foundation Trustees, and Sam Woods as chair of the International Accounting Standards Board.
August 11 -
UHY acquired Michigan CFO Associates in Clinton Township, Michigan, expanding the Top 50 Firm's advisory capabilities.
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