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. ( ; )


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.