Community News news April 2007

Education & Careers

UVA Students Win KPMG Audit Competition

KPMG selected a team of four students from the University of Virginia as winners of an inaugural six-week national audit case competition. The accounting department of the University of Virginia received a cash prize of $25,000. Cash prizes of $15,000 and $10,000 were also awarded to the accounting departments from the University of Georgia and the University of Wisconsin for their respective teams' second and third place finishes.
Community News

Washington Accountants Rock for Scholarships

Five bands composed of accountants will rock out May 19 in a battle of the bands to raise money for accounting scholarships at two Washington state colleges. Seattle-area bands including Disregarded Entity, Accounting Crows, Industry Audit Guys, Facial Depreciation, and Terminal Liability will participate in the second annual Battle of the Bands.The players are all members of the Washington Society of Certified Public Accountants. The money raised will go toward accounting scholarships at Highline Community College and Central Washington University.
Practice

Eisner Names Nachmias Audit Partner

Eisner LLP, a middle-market accounting and business advisory services firm, announced that Richard S. Nachmias has joined the firm as an audit partner in the sports, media and entertainment practice group.Nachmias offers more than 22 years of experience providing services to clients and companies in the media and technology industries. He formerly served as North American CFO of a global provider of advertising and marketing research and as CFO of an international advertising representation agency.
Practice Management

Workman to Lead BKD Firmwide Tax Services

William E. Fingland Jr., managing partner of BKD, LLP, announced Joplin Partner Lisa G. Workman has been appointed as firmwide director of tax services. Only the third person in BKD history to hold this post, she succeeds S. Richard Royster who retired in May 2006.Workman will target her leadership skills on developing opportunities to increase the depth and breadth of services.
Community News

bmc Ranks as Top 40 Accounting & Consulting Firm

Beard Miller Company (bmc), a Mid Atlantic regional certified public accounting firm, is pleased to announce it ranks as one of the top 40 firms in the United States according to Accounting Today’s 20th annual ranking of the top 100 accounting, consulting and tax firms based on annual revenue. In addition, bmc ranks No. 4 among accounting firms in the Northeast (excluding Metro New York, which is a separate region in the publication).
Technology

Wolters Kluwer Tax and Accounting Names Tennola to Lead Business Development

Wolters Kluwer Tax and Accounting (WK TAA), a global leader in providing tax and accounting law information, software and services, has named Paul Tennola as Vice President of Business Development.Tennola will focus on the continued implementation of Wolters Kluwer’s strategic plans for best serving tax and accounting professionals worldwide by finding new market opportunities and successfully managing business development activities throughout WK TAA’s four businesses: CCH, a Wolters Kluwer business; CCH Asia Pacific; CCH Small Firm Services; and CCH Canadian.“This is a very excit
Technology

Real Estate Investor Sings Way to TaxRap Contest Title

Taxpayers and tax preparer may give taxes a bad rap, but rapping about taxes paid off for a 28-year-old real estate investor from Brooklyn, N.Y.Christian Pulfer is the grand prize winner of $25,000 in the TurboTax TaxRap contest. Pulfer's entry, "It's Just a Breeze…G," was selected by guest judge Vanilla Ice from more than 370 homemade rap videos. Intuit sponsored the TaxRap contest, which ran from Feb. 8 to March 30 on YouTube and at www.TheTaxRap.com.
Practice Management

Crowe Chizek Named Best Place to Work in 5 States

Crowe Chizek and Company LLC, one of the nation’s largest public accounting and consulting firms, has been named one of the Best Places to Work in Indiana, Kentucky, New Jersey, South Florida and Tennessee. The work/life programs Crowe provides its 2,400 personnel include an overnight travel rewards program, a Women Into Leadership program and the CareerLink career development and performance management program. In addition, Crowe provides flexible work arrangements, wellness programs and personnel assistance programs.“This is a wonderful honor,” says Crowe CEO Charles Allen.
Community News

Oxley Unhappy with SOX; Blames PCAOB for Problems

Former Congressman Michael Oxley is unhappy with implementation of the corporate reform legislation that bears his name.In an interview with CFO.com, he was asked, “Are you happy with the way Sarbanes-Oxley has been implemented?” His answer: “Not really. The law has gotten a lot of criticism.” He noted that the vast majority of the complaints center on Section 404, which requires an audit of internal controls over financial reporting.“It was Auditing Standard No. 2, promulgated by the PCAOB (Public Company Accounting Oversight Board), that started all the problems,” he said.
Community News

Deputy Chief Auditor to Leave PCAOB

The PCAOB announced that Laura J. Phillips, Deputy Chief Auditor, will leave the Board later this year. Phillips has been responsible for providing technical direction on the development of the Board’s standards, including ensuring that standards and guidance were communicated to auditors of public companies and other interested parties. Most recently, Phillips led the PCAOB’s efforts to facilitate implementation of the internal control reporting requirements of the Sarbanes-Oxley Act. Phillips has not yet accepted another position.“Laura has been a key member of our team.
Community News

Bonadio Group Ranked Among Nation’s Top 100 CPA Firms

The Bonadio Group, upstate New York’s largest independent provider of accounting and business consulting services, was among the nation’s top tax and accounting firms ranked in Accounting Today’s 2007 Top 100 Firms survey, a program that salutes the nation’s top revenue- producing CPA practices.The firm was the only New York State practice outside of New York City ranked in this year’s list.
Community News

BMC Creates Senior Living Consulting Group

Beard Miller Company LLP (bmc), a nationally ranked U.S. Top 40 regional accounting and consulting firm, has announced the creation of its new Senior Living Services Consulting Group. The group, based in our Harrisburg, Pa. office, was formerly a segment of KPMG LLP’s national Advisory practice.The Senior Living Services Consulting Group will perform operational assessments, clinical consulting, Medicare and Medicaid reimbursement, compliance, and revenue cycle services to senior living providers nationwide.
Community News

National Black Accountants Assoc. Appoints New Officers

The National Association of Black Accountants, Inc. (NABA) announces the appointment of Charlisa R. Watson as Chief Administration Officer; Rose Harper-Elder as Director, Development and Corporate Relations; and Cheryl Galloway-Fenner as Director, Membership. This new cadre of executives is poised to grow NABA's membership and evolve the organization's core programming to befit a wider range of stakeholders."We are excited to have these distinctive women join our organization," says NABA President and CEO Gwendolyn D. Skillern, CPA.
Community News

Illinois CPA Society Named to Honor Roll

The Illinois CPA Society (ICPAS) has been named to the 2007 Associations Advance America Honor Roll, a national awards competition sponsored by the American Society of Association Executives (ASAE) & The Center for Association Leadership, Washington DC. ICPAS received the award for its financial literacy outreach to college students via its “Swimming in Debt? 10 Strokes to Stay Afloat” program, designed to help students navigate the dangerous waters of credit card debt.
Community News

Ferguson Named Reznick Practice Leader

Reznick Group Managing Principal Kenneth E. Baggett announced the expansion of the firm’s renewable energy practice with the appointment of Matthew Ferguson to lead the national practice. A principal of the firm, Ferguson will be responsible for expanding the practice and advising clients on energy-related transactions including matching renewable projects with tax equity investors, raising capital, M&A services, and maximizing public policy to promote and reward low-carbon solutions. In this national role, he will be based in Reznick Group’s Tysons Corner, Va.
Community News

Piccinnini Joins Citrin Cooperman as Partner

Citrin Cooperman & Company, LLP announced that John J. Piccinnini, CPA, has joined the firm as a partner in its New York City headquarters. Piccinnini brings 28 years of accounting experience to Citrin Cooperman. Before joining the firm, John spent six years as CFO for The Coastal Group, a Manhattan-based advertising agency. He began his career at a mid-sized regional accounting firm, and later co-founded Saltzer Lassar Piccinnini & Co., LLC, where he was a senior partner.
A&A

Smith Appointed to FASB

The Financial Accounting Standards Board (FASB) appointed Lawrence W. Smith to a five-year term as a member effective July 1, 2007. Smith will replace Edward W. Trott who will retire from the board on June 30, 2007. Board members are appointed by the Financial Accounting Foundation (FAF). Smith is currently director of FASB's Technical Application and Implementation Activities, and chairman of the Emerging Issues Task Force. Prior to joining FASB in 2002, Smith worked at KPMG for 25 years. The seven-member FASB is led by Chairman Robert Herz.
Community News

True Partners Consulting Appoints New Partners

True Partners Consulting LLC today announced that it has promoted four of its senior managers to managing directors: Lawrence P. Salus, Jr. and John P. Bennecke, in its Chicago headquarters, Tracey G. Sellers, in its Tampa, Fla. office, and Gregg P. Dluginsky, in its New York office.“We’re delighted to be promoting these four people who exemplify the best of True Partners, and all of whom have made significant contributions to the firm’s early success,” said Cary McMillan, chief executive officer of True Partners.
Tax

Jackson Hewitt Begins Internal Review

Jackson Hewitt Tax Service Inc. reports an internal review has begun in the wake of Internal Revenue Service allegations that five franchisees defrauded it out of more than $70 million. "Jackson Hewitt takes allegations against our franchisees seriously," Chief Executive Officer Michael Lister said. Jackson Hewitt, the second-largest U.S. tax preparer, intends to "identify all of the facts related to these allegations and address them appropriately," Lister said.
Tax

Michigan Bill to Replace Single Business Tax

The Michigan Legislature is considering a bill designed to replace the "single business tax." The bill, MI HB 4546, would enact a "commercial activity tax" in lieu of the single business tax that expires at the end of 2007.As the bill is currently worded, the 3.05 percent tax would apply to all types of businesses – although many industries will ask to be exempted if it is passed.The bill was referred to the House Tax Policy Committee.

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