Compliance


The SEC Office of the Inspector General (OIG) recommended that the commission’s Division of Corporation Finance continue improving its preliminary reviews of corporate securities filings ( www.sec.gov/about/oig/ ). The recommendations were part of the OIG’s report on its audit, from January through October 2005, of the division’s preliminary review process. OIG conducts this and related audits on an ongoing basis. The recommendations included enhancing the review process’s consideration of company risk factors, such as the need to restate financial statements; maintaining its surveillance of large companies’ press releases, securities trading data and reports of events that might affect the company’s finances or stock price; and continuing its efforts to better manage workloads.

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.

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Maximizing the higher education tax credits

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