AICPA

Inflation Concerns and Supply Chain Woes Dim Outlook for U.S. Economy, AICPA Survey Finds
March 3, 2022

AICPA & CIMA stand with the people of Ukraine
February 28, 2022

CBO

Cost Estimate
Estimated Budgetary Effects of H.R. 4521, the America COMPETES Act of 2022
March 4, 2022
As Passed by the House of Representatives on February 4, 2022

Cost Estimate
H.R. 1218, Data Mapping to Save Moms’ Lives Act
March 4, 2022
As ordered reported by the House Committee on Energy and Commerce on November 17, 2021

Cost Estimate
H.R. 6434, Japanese American World War II History Network Act
March 4, 2022
As ordered reported by the House Committee on Natural Resources on February 16, 2022

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of March 7, 2022
March 4, 2022
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

Cost Estimate
S. 2541, Shadow Wolves Enhancement Act
March 4, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 3, 2021

Cost Estimate
S. 535, Global War on Terrorism Memorial Location Act
March 4, 2022
As reported by the Senate Committee on Energy and Natural Resources on December 16, 2021

Cost Estimate
S. 904, Modernizing Access to Our Public Land Act
March 4, 2022
As reported by the Senate Committee on Energy and Natural Resources on February 28, 2022

Cost Estimate
H.R. 4616, Adjustable Interest Rate (LIBOR) Act of 2021
March 3, 2022
As passed by the House of Representatives on December 8, 2021

Report
Budgetary Effects of Higher Inflation and Interest Rates
March 2, 2022
In a letter to Senator Crapo, CBO responds to a request for a description of the budgetary effects of higher inflation and interest rates.

Cost Estimate
H.R. 1146, Community Reclamation Partnerships Act
March 2, 2022
As ordered reported by the House Committee on Natural Resources on May 26, 2021

Cost Estimate
S. 2158, Cape Cod National Seashore Advisory Commission Reauthorization Act
March 2, 2022
As reported by the Senate Committee on Energy and Natural Resources on February 10, 2022

Cost Estimate
H.R. 4358, Little Manatee Wild and Scenic River Act
March 1, 2022
As ordered reported by the House Committee on Natural Resources on January 19, 2022

Cost Estimate
H.R. 4404, Kissimmee River Wild and Scenic River Act
March 1, 2022
As ordered reported by the House Committee on Natural Resources on January 19, 2022

Cost Estimate
H.R. 5683, Department of Homeland Security Border Support Services Contracts Review Act
March 1, 2022
As reported by the House Committee on Homeland Security on January 21, 2022

Report
Additional Information Concerning the Budgetary Effects of H.R. 3076, the Postal Service Reform Act of 2022
February 28, 2022
In a letter to Senator Scott, CBO addresses several questions concerning the agency's assessment of the budgetary effects of H.R. 3076, the Postal Service Reform Act of 2022, which was transmitted on February 4, 2022.

Cost Estimate
Estimated Budgetary Effects of Rules Committee Print 117-33 for H.R. 3967, Honoring our PACT Act of 2021
February 28, 2022
As Posted on the Website of the House Committee on Rules on February 18, 2022

Cost Estimate
H.R. 2074, Indian Buffalo Management Act
February 28, 2022
As passed by the House of Representatives on December 8, 2021

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of February 28, 2022
February 28, 2022
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

Cost Estimate
S. 1620, Save the Liberty Theatre Act of 2021
February 28, 2022
As ordered reported by the Senate Committee on Energy and Natural Resources on November 18, 2021

FAF

FAF Trustees Open Search for Next Board Chair  
[03/01/22]

FASB

FASB to Host Online Training Forum for Continuing Professional Education (CPE) Providers
March 3, 2022

GAO

Capitol Attack
Additional Actions Needed to Better Prepare Capitol Police Officers for Violent Demonstrations
GAO-22-104829
Published: Mar 07, 2022.
Publicly Released: Mar 07, 2022.
U.S. Capitol Police officers protect Congress, including members, staff, visitors, and facilities. The January 6th attack on the Capitol raised concerns about their preparation to respond to violent demonstrations. We surveyed officers who were working the day of the attack.

VA Health Care
Incomplete Information Hinders Usefulness of Market Assessments for VA Facility Realignment
GAO-22-104604
Published: Feb 02, 2022.
Publicly Released: Mar 04, 2022.VA provides health care to a veteran population that is growing older and more diverse. These demographic shifts will drive changes in
veterans' needs.

Tribal Epidemiology Centers
HHS Actions Needed to Enhance Data Access
GAO-22-104698
Published: Mar 04, 2022.
Publicly Released: Mar 04, 2022.
American Indians and Alaska Natives have worse health outcomes than the general U.S. population—such as a life expectancy that is 5.5 years shorter than the U.S. average.

High-Risk Series
Key Practices to Successfully Address High-Risk Areas and Remove Them from the List
GAO-22-105184
Published: Mar 03, 2022.
Publicly Released: Mar 03, 2022.
Every 2 years, we update our High Risk List of federal programs and operations vulnerable to waste, fraud, abuse, or mismanagement, or needing broad reform. Working on the problems we've flagged has saved more than $626 billion for the government over FYs 2006–2021.

Cybersecurity
Internet Architecture is Considered Resilient, but Federal Agencies Continue to Address Risks
GAO-22-104560
Published: Mar 03, 2022.
Publicly Released: Mar 03, 2022.
The internet is a vast system of interconnected networks used by billions of people. Its architecture—the backbone of the internet—is owned and governed by organizations around the world. No one organization is responsible for its policy, operation, or security.

Science & Tech Spotlight
Long COVID
GAO-22-105666
Published: Mar 02, 2022.
Publicly Released: Mar 02, 2022.
How many people in the U.S. have developed "long COVID"? It could be in the range of 7.7–23 million, some estimates say. We discuss what is and isn't known about long COVID—new, returning, or ongoing health problems 4 or more weeks after an initial case of COVID-19.

K-12 Education
Department of Education Should Help States Address Student Testing Issues and Financial Risks Associated with Virtual Schools, Particularly Virtual Charter Schools
GAO-22-104444
Published: Jan 31, 2022.
Publicly Released: Mar 02, 2022.
Even before the pandemic, virtual public school enrollment was growing—mostly in virtual charter schools.

Foreign Assistance
Agencies Should Take Steps to Improve Reporting on Assistance to the Government of Azerbaijan
GAO-22-104619
Published: Jan 31, 2022.
Publicly Released: Mar 02, 2022.
To avoid worsening a dispute between Azerbaijan and neighboring Armenia, U.S. law generally restricts assistance to the government of Azerbaijan. However, the President may waive this restriction by certifying that the assistance is necessary and won't hamper peace efforts between the two countries.

NASA Lunar Programs
Moon Landing Plans Are Advancing but Challenges Remain
GAO-22-105533
Published: Mar 01, 2022.
Publicly Released: Mar 01, 2022.
NASA plans to conduct a lunar landing mission, known as the Artemis III mission, no earlier than in 2025. This is a delay of at least a year from earlier plans.

Critical Infrastructure Protection
CISA Should Improve Priority Setting, Stakeholder Involvement, and Threat Information Sharing
GAO-22-104279
Published: Mar 01, 2022.
Publicly Released: Mar 01, 2022.
The National Critical Infrastructure Prioritization Program is intended to identify the critical infrastructure assets in most need of protection. Nearly all federal and state officials we spoke with questioned the program's relevance and usefulness.

Chemical Accident Prevention
EPA Should Ensure Regulated Facilities Consider Risks from Climate Change
GAO-22-104494
Published: Feb 28, 2022.
Publicly Released: Feb 28, 2022.
The EPA regulates certain facilities that make, use, or store hazardous chemicals. These facilities are required to have risk management programs to prevent and prepare for accidental releases of these chemicals.

DOD Financial Management
Air Force Needs to Improve Its System Migration Efforts
GAO-22-103636
Published: Feb 28, 2022.
Publicly Released: Feb 28, 2022.
The Air Force uses two financial systems (one aging and one modern) that aren't fully integrated to manage its finances. This has made it difficult to obtain timely, accurate, and reliable information on its business operations.

Defense Acquisitions
Additional Actions Needed to Implement Proposed Improvements to Congressional Reporting
GAO-22-104687
Published: Feb 28, 2022.
Publicly Released: Feb 28, 2022.
DOD spends billions of dollars to acquire systems critical to the nation's security, including new aircraft, ships, and satellites. Congress recently required DOD to change the way it has traditionally reported on these acquisitions to Congress.

IASB

March 2022 Accounting Standards Advisory Forum agenda and meeting papers available
 Meeting     
7 Mar 2022    
 
March 2022 Capital Markets Advisory Committee agenda and meeting papers now available
Meeting
7 Mar 2022 

March 2022 IFRS Interpretations Committee agenda and meeting papers available
Meeting   
7 Mar 2022 

February 2022 IASB podcast now available
 Podcast   
2 Mar 2022

IFRS Foundation agrees Memoranda of Understanding to establish ISSB presence in Frankfurt
Announcement 
2 Mar 2022

March 2022 Consultative Group for Rate Regulation meeting papers available
Meeting
1 Mar 2022     

Bruce Mackenzie appointed as new Chair of the IFRS Interpretations Committee
Appointment 
1 Mar 2022  

February 2022 monthly news summary
News summary
28 Feb 2022 

January 2022 SME Implementation Group meeting report posted
Meeting   
28 Feb 2022      

March 2022 Global Preparers Forum meeting papers and agenda available
Meeting
28 Feb 2022     

February 2022 IASB Update available and work plan updated
 Update 
28 Feb 2022    

IRS

Face-to-face IRS help available in more than 30 cities on Saturday, March 12
IR-2022-51, March 4, 2022 — The Internal Revenue Service today announced that many Taxpayer Assistance Centers (TACs) will offer face-to-face Saturday help without an appointment from 9 a.m. to 4 p.m. on Saturday, March 12. Normally TACs are only open weekdays.

Taxpayer Experience Office formally established to improve service across the IRS
IR-2022-50, March 4, 2022 — As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort.

IRS update regarding recent electronic filing challenges in connection with Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
IR-2022-49, March 3, 2022 — The IRS is aware of a third-party software issue affecting qualifying farmers and fishermen attempting to electronically file Forms 7203.

IRS updates frequently asked questions on Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021
IR-2022-48, March 3, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021.

IRS updates frequently asked questions for Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021
IR-2022-47, March 3, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021.

IRS issues FAQs for Tax Year 2021 Earned Income Tax Credit
IR-2022-46, March 2, 2022 — The Internal Revenue Service today issued frequently asked questions (FAQs) for the 2021 Earned Income Tax Credit to educate eligible taxpayers on how to properly claim the credit when they prepare and file their 2021 tax return.

Tax Time Guide: IRS reminds taxpayers to report gig economy income, virtual currency transactions, foreign source income and assets
IR-2022-45, March 1, 2022 — The IRS reminds taxpayers of their reporting and potential tax obligations from working in the gig economy, making virtual currency transactions, earning foreign-source income or holding certain foreign assets.

NYC

Commissioner Preston Niblack Testifies to City Council Budget and Oversight Hearing on the FY 2023 Preliminary Budget.
March 2, 2022

NYS

Governor Hochul Announces Actions to Strengthen Department of Financial Services Enforcement of Sanctions Against Russia
March 3, 2022

PCAOB

Omid Harraf Named Chief of Staff for the PCAOB
Mar. 7, 2022

SEC

SEC Charges Venture Capital Fund Adviser with Misleading Investors   
2022-34, March 4, 2022 — The Securities and Exchange Commission today charged venture capital fund adviser Alumni Ventures Group, LLC (AVG) with making misleading statements about its management fees and engaging in inter-fund transactions in breach of fund operating agreements. The SEC also charged AVG’s CEO, Michael Collins, with causing AVG’s violations. To settle the charges, AVG repaid $4.7 million to affected funds and agreed to pay a $700,000 penalty, whereas Collins agreed to pay a $100,000 penalty.

City National Rochdale to Pay More Than $30 Million for Undisclosed Conflicts of Interest
2022-33, March 3, 2022 — The Securities and Exchange Commission today announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The money CNR pays will be placed into an SEC Fair Fund for distribution to harmed investors.