Securities


SECURITIES

The SEC responds to the financial markets’ urgent needs in the wake of the attack on the World Trade Center. For the first time, the agency uses its emergency powers to grant temporary relief from regulatory restrictions on certain activities including companies’ repurchase of their own securities, brokerage firms’ calculation of net capital, mutual funds’ borrowing from and lending to related parties and accountants’ provision of bookkeeping services to clients in the stricken area. ( www.sec.gov/news/press/2001-91.txt ; www.sec.gov/news/press/2001-97.txt )

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