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

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.