Bill Cobb, the CEO of H&R Block will leave the tax services company on July 31. He will by replaced by general counsel and chief administrative officer, Tom Gerke, who will serve as interim president and CEO. The board of directors will consider both internal and external candidates.

A former police sergeant has pleaded guilty to embezzling funds from the accounts of disabled veterans. Glenn P. Pearson, 61, who served on the police force in Whitman, Mass., also admitted to preparing phony returns for his tax preparation clients that cost the government more than $1.5 million.

Thomson Reuters has released a special report, "Creating a Learning Vision for Your Firm." The Checkpoint publication examines how accounting firms prioritize learning programs to help attract and retain talent.