Regulation


  The SEC proposed rule amendments that would require money market funds to maintain a portion of their portfolios in highly liquid investments, reduce their exposure to long-term debt and limit their investments to only the highest quality portfolio securities. The proposals also would require the monthly reporting of portfolio holdings and allow the suspension of redemptions if a fund’s net asset value falls below $1 per share.

 

Comments are due Sept 8. The proposal is available at tinyurl.com/mutvuj.

 

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In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.

PODCAST

A closer look at threats to CPA licensure

Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.