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As it divested one business and announced plans to sell another, Intuit also said it would split its Accounting Professionals Division. The result will leave one group focusing on professional tax preparation and the other recruiting accountants around the world.

The demand for graduates with accounting degrees as at a record level, according to a study by the American Institute of CPAs. A record 40,350 accounting graduates were hired in 2012, according to the 2013 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report.

A New Jersey CPA has been barred from practicing before the SEC after his actions put his new firm in conflicting roles with an audit client,. The SEC barred Brian Zucker, who can reapply for reinstatement after one year. The agency placed the blame for problems squarely on Zucker, but his firm, Rosenberg Rich Baker Berman & Company was censured. RRBB agreed to cease and desist from committing any violations to pay a $25,000 civil money penalty and $12,000 disgorgement.

Low-end accounting software vendor FreshBooks is launching a program for accountants. CEO Mike McDerment says the membership program is “the beginning of a more intense effort to serve the profession.” Members get accounts they can use for as long as they like.