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

A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

FEATURE

Maximizing the higher education tax credits

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