News

Two veteran Intuit executives, Kiran Patel, the EVP who led the company's small business group, and Alex Lintner, the SVP who headed its global business division, are leaving the company. Their positions are being absorbed into the structure that includes three new divisions. Among the remaining executives, Jill Ward, the SVP who has led Accounting Professionals Division, picks up added global responsibilities. In fact, the announcement showed a strong focus on global business.

Wolters Kluwer, parent of CCH, has purchased Prosoft Tecnologia, a São Paulo, Brazil-based company that markets tax and accounting software in that South American country. Wolters Kluwer's entry into the Brazilian market follows rival Thomson Reuters, which entered the country with its 2011 purchases of tax and accounting software publisher, Mastersaf.

The governing council of the American Institute of CPAs has approved allowing the Institute to offer specialized credentials in forensics, business valuation, technology assurance and financial planning outside the United States. The credentials would be offered through non-U.S. accounting bodies that must have stringent codes of conduct and eligibility requirements.