Smyth said Block had exchanged proposals with the accounting firm and was addressing its concerns. However, Smyth also noted the company has had talks other audit and attest firms that could replace M&P.
RSM McGladrey Serves Notice to M&P - Nicely
Saying that it's still willing to talk, RSM McGladrey returned serve on McGladrey & Pullen by providing a notice of termination of the administrative services agreement between the two parties, in response to M&P's giving RSM McGladrey a termination notice on July 21. RSM's notice is effective 210 days after M&P's receipt of it.
A letter, signed by C. E. Andrews, president of RSM McGladrey, said that "This notice should not in any way be construed as unwillingness on our part to continue discussions on developing a way for our two organizations to work together going forward, which continues to be RSM's preference." The notice followed statements during an earnings conference call last week in which H&R Block CEO Russ Smyth said his company, which owns RSM McGladrey, is continuing efforts to maintain a 10-year old agreement under which M&P and Block's RSM McGladrey jointly service clients,
