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Prager Metis CPAs LLC has merged with the Springfield, N.J. –based Goldfinger Block Glickenhaus Dinar LLP. The deal closed on July 1, 2013.

Schoenfeld Mendelsohn Goldfarb LLP has merged into Janover LLC. The deal is expected to close on August 1.

The Tennessee State Board of Accountancy has adopted a resolution officially recognizing the American Institute of CPAs’ recently issued Financial Reporting Framework for Small and Medium-sized Entities, apparently the first state board to do so.

Your client has a successful closely held business. Perhaps your client has already indicated that, at some indeterminate point in the future, the business will be sold. Even if your client has not given such an indication, you are well advised to at least broach the topic as a matter of long-term contingency planning.

The Public Company Accounting Oversight Board posted an updated list of firms Monday that have registered with the PCAOB, but have not yet been inspected, even though four or more years have passed since they issued an audit report while registered.

The former manager of an H&R Block outlet has been sentenced to 12 months and one day in federal prison for using the identities of his former tax preparation clients to file false returns with the Internal Revenue Service seeking fraudulent income tax refunds.

Top Sage North America partner Net@Work has hired former Sage channel partner head Tom Miller to lead its own Partner Alliance Program, four months after he officially retired.

The International Accounting Standards Board has published for public comment a discussion paper exploring possible changes to the IASB’s Conceptual Framework for Financial Reporting.

A continued focus on customer experience, cloud and mobile initiatives and payments -- along with staying the branding and product course laid out over the past two years -- was the primary tone of this year’s Sage Summit user and partner event.

The United Kingdom’s Competition Commission has issued a provisional decision recommending that companies put their auditing work out for bid every five years to promote competition in the audit profession.

Conservative economist Dr. Arthur Laffer has co-written a study that identified a positive economic impact in efforts to require online retailers to collect sales taxes from customers on Internet purchases.

Internal auditors around the world are bearing the brunt of a quickly changing regulatory landscape, especially in financial services, according to a new survey by Thomson Reuters.

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ALABAMA

I'd like to take this opportunity to diverge from the news of the week to expound upon a couple of topics, namely what has become somewhat of a religious debate over the cloud as well as some thoughts on upcoming vendor events.

The Institute of Internal Auditors wrapped up its annual conference in Orlando this week, featuring prominent keynote speakers including former Secretary of State Madeleine Albright and best-selling business writer Tom Peters.

The international Organization for Economic Cooperation and Development has produced an action plan at the request of the G20 finance ministers to address the problems of base erosion and profit shifting that are depleting corporate tax revenue as multinational companies transfer their profits to low-tax countries.

Seth Zarny, head of Raffa P.C.'s technology consulting practice, explores the renewed interest in CPA firms providing technology consulting services, and summarizes the reasons for successes and failures in this area.

CliftonLarsonAllen has acquired the Charlotte, N.C.-based accounting firm Monaghan Group.

A petition of nearly 4,000 practitioner signatures has gone to the IRS to urge it to reverse its decision to retire two e-Services products used to file disclosure authorizations and resolve IRS account problems.