RSM

RSM formed an advisory body composed of three independent board members responsible for evaluating quality control and quality management within the firm's assurance practice.

KPMG International appoints global sector heads; Withum launches AI-focused website; and more news from across the profession.

Allowing for regulatory approvals and other hurdles, the two firms hope to become a single firm by the end of 2025.

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

Plus, Connecticut Society of CPAs installs new board; CohnReznick establishes merger integration and carve-out services practice; and more news from across the profession.

Eide Bailly admits 24 partners; MGI Worldwide adds new member firm; and more news from across the profession.

Ernest John Nedder, a partner and chief strategy officer at RSM US, will be the next CEO of the RSM International network, succeeding Jean Stephens on June 1.

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

Brown Schultz Sheridan & Fritz assumes new name of Brown Plus; FASB appoints six to Not-for-Profit Advisory Committee; and more news from around the profession.

Jean Stephens, who has led the group for 17 years, plans to step down in May 2024 and become a senior advisor to the network.