Securities


The GAO releases the results of a study ( www.gao.gov/cgi-bin/getrpt?GAO-02-302 ) it recently conducted to determine whether the SEC’s logistic capabilities are keeping pace with the rapid increase in filings, applications and examinations that make up its workload. While the GAO praised the commission’s record of achievement, it nevertheless found that ongoing SEC staff shortages delayed oversight processes—hampering corporate competitiveness and impairing market efficiency. To cope with these challenges, the GAO says, the commission should determine its regulatory priorities and focus all available resources on solving its staff recruiting and retention problems. In general, the SEC concurred with these findings and recommendations.

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.

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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.

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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