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.
Breaking News
- News
- News Digest
PODCAST
Most Read
SPONSORED WHITE PAPER
Preparing the statement of cash flows
This instructive white paper outlines common pitfalls in the preparation of the statement of cash flows, resources to minimize these risks, and four critical skills your staff will need as you approach necessary changes to the process.
RESOURCES
Keeping you informed and prepared amid the COVID-19 crisis
We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.
From The Tax Adviser
From CPA Insider