There are 76 million Baby Boomers in the United States, defined as those of us
born between 1946 and 1964. Accounting firms across the country are full of
Boomers with 61 percent of all partners now over the age of 50, all marching toward
retirement.

Weaver, a Dallas, Texas-based accounting firm, has named six employees as partners. These include Sara Dempsey in assurance services, who joined the firm, in 2005 and Rob Myatt, in tax and strategic business services, who came to Weaver in 2006 as a manager.

Older Americans are perhaps the most vulnerable targets of financial fraud. In fact, according to a new survey from the American Institute of CPAS, in the last five years elder fraud has increased 47 percent. However, the AICPA PFP Trends Survey found that fraud against the elderly, in most cases, causes more of an emotional impact (37 percent) than a financial impact (5 percent).

Xero has hired Sankar Narayan as its CFO effective in October. He will move into the position vacation when Douglas Jeffries resigned the position in February after eight weeks on the job. Narayan joins the low-cost cloud accounting software manufactuer after serving as CFO of Virgin Australia for four years.