Community News news May 2007

Community News

Virginia society names Valentine chair

The Virginia Society of Certified Public Accountants (VSCPA) has selected Monique T. Valentine, CPA of Manassas as chair of its Board of Directors for the 2007–2008 fiscal year. Valentine, chief financial officer of the Associated General Contractors of America in Arlington, has a long history of leadership in the VSCPA and the community.“I’m honored to be chosen as the next chair of the Virginia Society of CPAs, and am excited to begin my year,” said Valentine.
Community News

KPMG says companies unprepared for cross-border fraud

Rapid advances in global trade and information technology appear to have increased the speed with which cross-border crimes are committed, yet most companies are unprepared to investigate fraud promptly if it occurs in a country other than the home of the parent company, according to research by KPMG International.With 92 percent of respondents in a survey saying that they expected to perform at least the same number of international investigations in the coming year as last year, 56 percent acknowledged that they have not implemented comprehensive investigation procedures.
Technology

PKF Texas blog wins more awards

Pannell Kerr Forster of Texas, P.C. (PKF Texas) has won two American Marketing Association (AMA) Crystal awards for their blog,
Community News

Flynn named chairman KPMG International

Timothy P. Flynn, 50, has been elected chairman of KPMG International for a four-year term, effective October 1, 2007. He succeeds Sir Michael Rake, who is retiring from KPMG - and will become the next chairman of BT Group plc.Tim Flynn was elected unanimously by the KPMG International Board and Council. He will lead the KPMG global network of professional firms operating in 148 countries, with 113,000 partners and professionals worldwide. A 28-year veteran of KPMG and a partner since 1988, he has provided strong leadership and vision during a period of transformation for the U.S.
Community News

E&Y partners indicted for tax fraud

Federal prosecutors announced Wednesday the indictment of four former and current partners at Ernst & Young charging them with tax fraud conspiracy and other crimes. The decision not to charge Ernst & Young (E&Y), which has been under criminal investigation since 2004, is significant, the New York Times reports, because it indicates a change in the Justice Department’s strategy as it investigates the banks, accounting firms, law firms and investment boutiques that were involved in selling questionable tax shelters.U.S.
Community News

Will FIN 48 bring more state audits?

FASB Interpretation (FIN 48), Accounting for Uncertainty in Income Taxes, is intended to make tax treatment more consistent between companies by establishing recognition thresholds and measurement guidelines for tax positions on federal income tax returns and setting up new guidelines for income tax reserves.
Community News

Forensic/Strategic Solutions opens Texas office

Forensic/Strategic Solutions, PC - formerly Summerford Accountancy, PC in Birmingham - recently expanded into Texas under its new name. The specialized business consulting firm, which focuses on forensic accounting, fraud investigation, business valuation and litigation support, opened a second location in Dallas.
Community News

Tofias PC inducted into Junior Achievement Hall of Fame

Tofias PC, New England’s leading accounting and consulting firm, is pleased to announce that Tofias has been inducted into the Junior Achievement of Eastern Massachusetts 2007 Business Hall of Fame. A formal induction ceremony was held at Junior Achievement’s Annual Gala at the Westin Copley Hotel in Boston on Wednesday, May 16th which featured James Earl Jones as the evening’s key note speaker. Companies were chosen for induction based on excellence in three key areas: 1. Success in the free enterprise system 2. Proven commitment to the community, especially youth 3.
Community News

Grant Thornton names Denver managing partner

Grant Thornton LLP announced the promotion of Jim Burton to managing partner of the Denver office, effective July 1, 2007. As the managing partner, Burton is responsible for all office operations including client service and professional matters. Brett Lewis, the current managing partner, will be returning to his home state to lead the firm’s Kansas City, Mo. office.“Denver has become a very dynamic market for Grant Thornton,” said Lou Grabowsky, Grant Thornton’s central region managing partner. Denver and Kansas City are among the eight offices that comprise the Central Region.
Community News

Palmeri becomes CSCPA president

The Connecticut Society of Certified Public Accountants (CSCPA) has installed John J. Palmeri, CPA, LL.M of Cheshire to serve as President for the organization’s 2007-2008 activity year. His installation took place at the CSCPA Annual Meeting held recently at the Aqua Turf Club in Plantsville.Palmeri is member/manager of John J. Palmeri, Attorney at Law, LLC in Cheshire, and is Special Tax Counsel to the law offices of Secor, Cassidy & McPartland, P.C. with offices in Waterbury, Southbury, and Watertown.Mr.
Community News

Lifson installed as NYSCPA president

The New York State Society of Certified Public Accountants (NYSSCPA) installed David A. Lifson, CPA of New York City as President at its 110th Annual Election Meeting and Dinner held today at the New York Hilton Hotel. Lifson is a co-managing partner with Hays & Company LLP, a New York City based firm of Certified Public Accountants that is part of the Moore Stephens International network.A nationally recognized tax expert, Lifson recently testified before the Select Revenue Measures of the House Ways and Means Committee on the Alternative Minimum Tax (AMT).
Community News

Portas, Minto, Southerland join WS+B

Withum, Smith+Brown (WS+B), Certified Public Accountants and Consultants, announces the addition of Raymond A. Portas III, CPA, as manager in the tax department, Jenny Minto as senior tax associate, and Sean Southerland as staff accountant. All are based in the firm’s Morristown office.Portas graduated from Seton Hall University, South Orange, NJ, with a BS degree in accounting and an MS degree in taxation.
Community News

Anti-Money Laundering Leader Joins KPMG

Former federal prosecutor and banking executive Teresa Pesce has joined KPMG LLP’s Forensic Practice to lead its Anti-Money Laundering (AML) service line, the U.S. audit, tax and advisory firm has announced. In addition, she will help direct criminal and regulatory investigations for clients. She is based in New York.
Community News

Brown Smith Wallace Hires Marketing Director

Brown Smith Wallace has hired Michael Bowlan as director of marketing. In this position, Bowlan will oversee all branding, creative development and marketing strategy for the St. Louis-based firm.Bowlan has more than 30 years of marketing experience for prominent professional services firms with a special focus on business development, branding and marketing communications. He has moved to St.
Community News

Crowe Chizek Announces New Leader of Performance Services

Crowe Chizek and Company LLC, one of the nation’s leading public accounting and consulting firms, has named Joe Santucci managing executive of Crowe’s Performance business unit. Santucci has been with Crowe for nearly 20 years. Over the course of his career, Santucci has worked in Crowe’s Indianapolis and Columbus, Ohio, offices. “I am excited to be leading this group of very talented and passionate thought leaders,” said Santucci.
Practice Management

J.H. Cohn Appoints CIO

J.H. Cohn LLP has appointed Robert Grosberg to the position of chief information officer. As CIO of J.H. Cohn, Robert leads the Firm’s efforts to implement business solutions through reliable and efficient technology. “Robert’s appointment solidifies our commitment to leveraging technology to the fullest so we can best serve our clients, and build upon our solid technology infrastructure to support our professionals and staff,” said Kenneth J. Kanter, partner and chair of J.H. Cohn’s Technology and Operations Steering Committee.
Community News

Crowe Chizek & Enterprise Financial to Combine

Crowe Chizek and Company LLC has announced that it intends to combine practices with New Jersey-based Enterprise Financial Consulting Group LLC (EFC), with a planned closing date of July 1, 2007. Crowe Group LLP, parent company of Crowe Chizek, is one of the 10 largest public accounting and consulting firms in the U.S. EFC was founded in 1996 and today has more than 20 seasoned professionals working in offices in Mt. Laurel, N.J. and Atlanta, Ga.
Community News

PKF Texas Named to VAR 100

Pannell Kerr Forster of Texas, P.C. (PKF Texas) was named to Accounting Technology’s annual VAR 100 list. The list represents the top 100 Value-added Resellers (VAR) in the country. “We are proud to be included on this year’s VAR 100 list,” said Gregory Price, CPA, Director of Consulting Solutions. “Inclusion on the list demonstrates the strength of PKF Texas’ growing consulting practice.”Companies that were picked for inclusion in the VAR 100 list were selected based their status on Dec. 31, 2006.
Community News

J.H. Cohn Combines with Berenson

J.H. Cohn LLP, the largest independent accounting and consulting firm in the Northeast, has combined practices with Berenson LLP of New York, NY, effective May 2. The addition reflects J.H. Cohn’s strategy to continue broadening its Northeast presence, while expanding service offerings and combining expertise to best serve middle-market companies in the area.“Gaining the niche apparel expertise that Berenson has built is critical to enhancing our overall offering,” said Thomas J. Marino, Chief Executive Officer of J.H. Cohn.
Community News

Deloitte & Touche Mentors Chicago-area Students

Deloitte & Touche teamed up with the Chicago Public Schools to sponsor a mentoring program aimed at developing the skills of Chicago-area students pursuing careers in accounting, business, ethics and finance. More than 100 Deloitte employees were to venture outside their offices to serve as guest teachers to 1,200 students.

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