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

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.