AICPA

Press Releas
Main Street America Urgently Needs PPP Loan Forgiveness Calculation Guidance, Says AICPA
Lack of guidance makes critical decisions unnecessarily challenging and complex for current and prospective PPP fund recipients.
May 1, 2020

Overview
AICPA Reporter Resources
Links to information and statistics about the AICPA.
April 29, 2020

Press Release
AICPA Offers Recommendations for Loan Forgiveness Under Paycheck Protection Program
The AICPA offered recommendations on the appropriate documents and calculations for small businesses to use when seeking loan forgiveness under the CARES Act's Paycheck Protection Program.
April 29, 2020

Press Release
AICPA Working to Increase Number of CPAs Teaching College Classrooms
Accounting Doctoral Scholars program seeks to bridge the gap between practice and academia by putting CPAs in the classroom as college professors.
April 28, 2020

Press Release
ENGAGE 2020 Transitions to an All-Digital Event This Year
ENGAGE 2020 will transition to an all-online event this year due to the coronavirus pandemic.
April 28, 2020

Press Release
AICPA Recommends Federal Reserve Create Short-Term Accounts Receivable Lending Facility to Deliver Immediate Cash Flow for Small Business
The Federal Reserve should create a federally backed, short-term accounts receivable lending facility that would allow companies to pledge future receivables to receive immediate cash flow.
April 28, 2020

CBO

Working Paper
Income-Driven Repayment Plans for Student Loans: Working Paper 2020-02
April 30, 2020

Presentation
CBO’s Current Economic Projections and a Preliminary Look at Federal Deficits and Debt for 2020 and 2021
April 27, 202

FAF

FAF Appoints Steven A. Hobbs as Vice President and General Counsel [04/29/20]
Media Advisory

FASB

FASB Issues Staff Q&A Document on Hedge Accounting during COVID-19 Pandemic [04/28/20]
Media Advisory
FASB Staff Q&A

GAO

Trade-Based Money Laundering:
U.S. Government Has Worked with Partners to Combat the Threat, but Could Strengthen Its Efforts
GAO-20-333: Published: Apr 2, 2020. Publicly Released: May 1, 2020.

Management Report:
Improvements Are Needed to Enhance the Internal Revenue Service's Internal Control over Financial Reporting
GAO-20-480R: Published: May 1, 2020. Publicly Released: May 1, 2020.

Commissaries and Exchanges:
DOD and Congress Need More Reliable Information on Expected Savings and Costs of Consolidating the Defense Resale Organizations
GAO-20-418: Published: Apr 30, 2020. Publicly Released: Apr 30, 2020.

Positive Train Control:
Railroads Generally Made Progress, but Several Must Meet Compressed Schedules to Meet Implementation Date
GAO-20-516R: Published: Apr 30, 2020. Publicly Released: Apr 30, 2020.

State and USAID:
Status of GAO Recommendations Made in 2018
GAO-20-504R: Published: Apr 30, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
Department of Health and Human Services
GAO-20-552PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
Department of Homeland Security
GAO-20-355PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
Department of Housing and Urban Development
GAO-20-500PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
Department of the Treasury
GAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
Internal Revenue Service
GAO-20-548PR:Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
National Aeronautics and Space Administration
GAO-20-526PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Priority Open Recommendations:
U.S. Department of Transportation
GAO-20-513PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Maritime Infrastructure:
A Strategic Approach and Interagency Leadership Could Improve Federal Efforts in the U.S. Arctic
GAO-20-460: Published: Apr 29, 2020. Publicly Released: Apr 29, 2020.

NASA:
Assessments of Major Projects
GAO-20-405: Published: Apr 29, 2020. Publicly Released: Apr 29, 2020.

Priority Open Recommendations:
Department of Energy
GAO-20-285PR: Published: Apr 22, 2020. Publicly Released: Apr 29, 2020.

Antibiotic Resistance:
Additional Federal Actions Needed to Better Determine Magnitude and Reduce Impact
GAO-20-341: Published: Mar 30, 2020. Publicly Released: Apr 29, 2020.

Priority Open Recommendations:
Small Business Administration
GAO-20-501PR: Published: Apr 21, 2020. Publicly Released: Apr 28, 2020.

K-12 Education:
Information on How States Assess Alternative School Performance
GAO-20-310: Published: Mar. 27, 2020 Publicly Released: Apr. 27, 2020

Priority Open Recommendations:
Board of Governors of the Federal Reserve System
GAO-20-499PR: Published: Apr. 20, 2020 Publicly Released: Apr. 27, 2020

Department of Commerce
GAO-20-497PR: Published: Apr. 20, 2020 Publicly Released: Apr. 27, 2020
Department of Justice
Department of Veterans Affairs
Federal Deposit Insurance Corporation

GASB

Financial Accounting Foundation Board of Trustees  [04/27/20]
Notice of Meeting

IASB

04 May 2020
IASB proposes deferring IAS 1 amendments’ effective date due to covid-19

30 April 2020
April 2020 IASB podcast available now

30 April 2020
March 2020 Global Preparers Forum meeting summary available

29 April 2020
Emerging Economies Group meeting papers available

28 April 2020
Join the International Accounting Standards Board

28 April 2020
IFRS 17 Insurance Contracts—why annual cohorts?

27 April 2020
IFRS 17 podcast on April 2020 IASB meeting now available

IRS

VA, SSI recipients with eligible children need to act by Tuesday, May 5 to quickly add money to their automatic Economic Impact Payment; ‘Plus $500 Push’ continues
IR-2020-86, May 1, 2020 – The Internal Revenue Service today reminded Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by Tuesday, May 5 if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment.

Economic Impact Payments continue to be sent, check IRS.gov for answers to common questions
IR-2020-85, April 30, 2020 — As Economic Impact Payments continue to be successfully delivered, the IRS today reminds taxpayers that IRS.gov includes answers to many common questions, including help to use two recently launched Economic Impact Payment tools.

IRS accepting applications for 2021 grants for Low Income Taxpayer Clinics
IR-2020-84, April 30, 2020 — The Internal Revenue Service today announced that the application period for Low Income Taxpayer Clinic grants for calendar year 2021 will run from April 30, 2020 to June 16, 2020.

Use IRS Non-Filers: Enter Payment Here tool to get Economic Impact Payment; many low-income, homeless qualify
IR-2020-83, April 28, 2020 – The Internal Revenue Service today reminds low-income Americans to use the free, online tool Non-Filers: Enter Payment Here Info to quickly and easily register to receive their Economic Impact Payment.

SEC

SEC Awards Almost $2 Million to Whistleblower
2020-100, May 4, 2020 — The Securities and Exchange Commission today announced an award of nearly $2 million to a whistleblower whose information and assistance helped the agency bring a successful enforcement action and allowed investors to recover much of their money.  

Small Business Capital Formation Advisory Committee to Discuss the SEC’s Capital Formation Proposal on May 8
2020-99, April 28, 2020 — The Securities and Exchange Commission today released the agenda for the Friday, May 8 meeting of its Small Business Capital Formation Advisory Committee, which will be hosted via video conference.

SEC Awards Over $18 Million to Whistleblower
2020-98, April 28, 2020 — The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose significant information prompted an examination that resulted in an important enforcement action. The whistleblower repeatedly reported the problem internally before contacting the SEC. 

SEC Charges Company and CEO for COVID-19 Scam
2020-97, April 28, 2020 — The Securities and Exchange Commission today announced charges against Praxsyn Corp. and its CEO for allegedly issuing false and misleading press releases claiming the company was able to acquire and supply large quantities of N95 or similar masks to protect wearers from the COVID-19 virus. The SEC previously issued an order on March 26 temporarily suspending trading in the securities of Praxsyn.

SEC Announces Investor Advisory Committee Meeting Focusing on COVID-19
2020-96, April 27, 2020 — The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on May 4, 2020, by remote means.  The meeting will begin at 2 p.m. ET, is open to the public via live webcast, and will be archived on the committee's website for later viewing.

TIGTA

April 30, 2020
Improper Payment Reporting Has Improved; However, There Have Been No Significant Reductions to the Billions of Dollars of Improper Payments [PDF]
»Highlights