The SEC proposes two rules governing mutual funds’ and investment advisers’ proxy voting on behalf of their investors and clients, respectively. The first proposal ( ) 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 ( ) would assign the same responsibilities to investment advisers. Comments on both proposals are due December 6.


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.