The SEC solicits offers




SEC to Privatize EDGAR System

T he Securities and Exchange Commission released a request for proposal soliciting offers for the mod- ernization and privatization of its electronic filing system. The electronic data gathering, analysis and retrieval (EDGAR) system, developed in 1984, is used as an electronic receipt, acceptance and processing system for corporate filings.

The request for proposal said that current statutory, regulatory, economic and technological bases of the EDGAR system needed reevaluation. The SEC is required under the National Securities Markets Improvement Act of 1996 (HR 3005) to examine alternatives that would further privatize EDGAR.

The SEC will evaluate all competitive offers and consult with the Office of Management and Budget and Congress before it awards a contract. Bids are due no later than 3:00 p.m. EST, January 24. For a copy of the request for proposal, go to the SEC World Wide Web site: http://www.sec.gov .

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out