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August 31, 2007

News Briefs

News Briefs

MERGERS AND ACQUISITIONS BDO acquires Chiltern

UK firm BDO Stoy Hayward has acquired independent tax business Chiltern. Chiltern has offices in London, Glasgow and the Isle of Man and revenue of more than £20 million ($40.8 million) during the most recent financial year. BDO Stoy Hayward head of national tax Paul Eagland said Chiltern has built an enviable reputation for being the leading independent tax consultancy business outside the main accountancy firms. The new combined tax team would be one of the most powerful and comprehensive tax service offerings in the UK, he said.

PEOPLE Moore Stephens appoints director

Gill Spaul has been appointed as European technical director at Moore Stephens Europe. Spaul previously performed a similar role for the Moores Rowland International Europe network. She has also been a technical manager for the International Federation of Accountants and worked with the International Auditing and Assurance Standards Board and Moores Rowland UK. Moore Stephens said the appointment reflected the group’s strategy to strengthen the infrastructure of the European network and its intention to be a ‘network’ under the new regulatory definition.

PEOPLE US firm announces partners KPMG US announced it has admitted 134 new partners so far in 2007. The firm’s partnership now totals 1,837. The new partners come from diverse cultural and professional backgrounds and more than one-third are women and ethnic minorities, said KPMG’s chairman and chief executive, Timothy Flynn. The new partners are spread throughout the various practices. Fifty are in the audit practice, 38 in the advisory practice, 44 in the tax practice and two in national support services.

RECRUITMENT Irish graduate levels jump Deloitte Ireland has announced it will open 230 graduate positions in 2008, an increase of more than 25 percent on the previous year. The firm said it has increased its number of graduate positions consistently during the past five years, since 70 graduates joined the firm in 2002. The 2008 positions will be available in the Dublin, Cork and Limerick offices, across all departments including audit, tax, consulting and financial advisory services.

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