Bloomberg: IRS Taps Audit Firms to Probe Foreign Bank Role in Tax Cases

Bloomberg:  IRS Taps Audit Firms to Probe Foreign Bank Role in Tax Cases, by Ryan J. Donmoyer:

The IRS summoned six of the biggest accounting firms [BDO Seidman, Deloitte & Touche, Ernst & Young, Grant Thornton, KPMG, and PricewaterhouseCoopers] to help detect foreign banks whose U.S. customers may be evading taxes through secret accounts, expanding an investigation that yielded a guilty plea by a former banker for UBS AG.

The IRS scheduled a July 8 conference call with the auditors to discuss how they can aid the agency in uncovering foreign banks that break their promise to report U.S. customers' identities and earnings in their accounts.