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American Express Tax and Business ervices (TBS) announced on July 13, 1998, that it had acquired the nonattest assets of Goldstein Golub Kessler & Company (GGK), which according to TBS is the largest singleoffice accounting firm in the United States, employing more than 400 people. TBS also named GGK Chair and Managing Partner Gerald L. Golub Chairman of TBS and promoted acting CEO Jeff Yabuki to CEO of TBS.
TBS says that the organizational structure for providing services to GGK clients is similar to the one used by Checkers Simon & Rosner in Chicago (see The CPA Journal, February 1997). TBS provides all the services to the former GGK clients except attest services, which are performed by GGK LLP using staff leased from TBS.
The acquisition of the...