http://retheauditors.com/2007/09/08/update-h-r-block-liquidity-taxed/ The Business of the Big 4 Audit Firms Tue, 22 May 2012 15:02:22 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://retheauditors.com/2007/09/08/update-h-r-block-liquidity-taxed/comment-page-1/#comment-98 Anonymous Thu, 23 Aug 2007 15:25:00 +0000 http://76.12.174.187/?p=452#comment-98 That is a good point, but my guess is only beneficial to RSM. If H & R has to sell assets, it may give the partner equivalents the ability to buy back there practice on the cheap. In my mind, I cant figure out who would buy these practices. The assets are the people and the clients. They really cant be bought and sold. This may be a golden opportunity for them. That is a good point, but my guess is only beneficial to RSM. If H & R has to sell assets, it may give the partner equivalents the ability to buy back there practice on the cheap. In my mind, I cant figure out who would buy these practices. The assets are the people and the clients. They really cant be bought and sold. This may be a golden opportunity for them.

]]> http://retheauditors.com/2007/09/08/update-h-r-block-liquidity-taxed/comment-page-1/#comment-97 robert Thu, 23 Aug 2007 11:51:00 +0000 http://76.12.174.187/?p=452#comment-97 One of the ways this creates some concerns from my view is that that H&R Block also owns a major CPA firm- RSM Mcgladrey, which in turn owns a large local NYC firm Goldstein Golub and Kessler which they fairly recently acquired. GGK as they are known, was formerly owned by American Express in what was one of the first CPA merger and acquisition deals involving a non <br/>CPA firm. What does all this mean in the public accounting arena. I really don't know for sure, but can see some possible ripple effects such as clients, partners and staff of the accounting firm feeling some uncertainty about the future as well as a skeptical eye being shown to future CPA firm deals with non CPA parent companies . Please visit my blog at http://rf-resources.com/index.php?/site/blog/ One of the ways this creates some concerns from my view is that that H&R Block also owns a major CPA firm- RSM Mcgladrey, which in turn owns a large local NYC firm Goldstein Golub and Kessler which they fairly recently acquired. GGK as they are known, was formerly owned by American Express in what was one of the first CPA merger and acquisition deals involving a non
CPA firm. What does all this mean in the public accounting arena. I really don’t know for sure, but can see some possible ripple effects such as clients, partners and staff of the accounting firm feeling some uncertainty about the future as well as a skeptical eye being shown to future CPA firm deals with non CPA parent companies . Please visit my blog at http://rf-resources.com/index.php?/site/blog/

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