A House Financial Services subcommittee has approved legislation to allow the Securities and Exchange Commission to bypass civil service hiring red tape so it can quickly hire new accountants, examiners and economists.The agency wants to add about 800 employees to fulfill the new mandates of Sarbanes-Oxley and better its enforcement efforts, but would have been stymied by current hiring rules.Unless hiring rules for accountants change, the SEC won't be able to add employees called for under the Bush administration's budget plan for fiscal 2004. Bush proposed $841.5 million for the SEC next year, nearly double its fiscal 2002 level,The SEC currently employs the expedited hiring process for lawyers.The legislation is scheduled to go before the full House committee sometime next week.
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Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.
3h ago -
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
8h ago -
Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.
9h ago -
Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.
10h ago -
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.
April 18 -
Ernest John Nedder, a partner and chief strategy officer at RSM US, will be the next CEO of the RSM International network, succeeding Jean Stephens on June 1.
April 18