Securities


The SEC proposes two rules governing mutual funds’ and investment advisers’ proxy voting on behalf of their investors and clients, respectively. The first proposal ( www.sec.gov/rules/proposed/33-8131.htm ) would require mutual funds to disclose the policies and procedures they use to determine how to vote proxies relating to their shareholders’ securities. Fund companies also would have to make available records of the specific votes they cast. The second proposed rule ( www.sec.gov/rules/proposed/ia-2059.htm ) would assign the same responsibilities to investment advisers. Comments on both proposals are due December 6.

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