Trusted Professional

Regulatory Roundup: March 7-13

CBO 

Cost Estimate
H.R. 4293, Stress Test Improvement Act of 2017
March 9, 2018

Report
Report on the Troubled Asset Relief Program—March 2018
March 9, 2018

Cost Estimate
H.R. 4170, Disclosing Foreign Influence Act
March 8, 2018

Cost Estimate
H.R. 4460, Disaster Recovery Reform Act
March 8, 2018

Cost Estimate
H.R. 4061, Financial Stability Oversight Council Improvement Act of 2017
March 8, 2018

Cost Estimate
H.R. 3864, Native American Housing Assistance and Self-Determination Reauthorization Act of 2017
March 8, 2018

Cost Estimate
H.R. 3221, Securing Access to Affordable Mortgages Act
March 8, 2018

Cost Estimate
Amendment Number 2151 to S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protections Act
March 8, 2018

Cost Estimate
H.R. 4925, FRA Safety Data Improvement Act
March 7, 2018

Cost Estimate
H.R. 3808, Infrastructure Expansion Act of 2017
March 7, 2018

Cost Estimate
S. 2060, Burma Human Rights and Freedom Act of 2018
March 7, 2018

Report
Monthly Budget Review for February 2018
March 7, 2018

GAO

Freedom of Information Act:
Agencies Are Implementing Requirements but Need to Take Additional Actions
GAO-18-452T:Published: Mar 13, 2018. Publicly Released: Mar 13, 2018.

National Roadside Survey:
NHTSA Changed Methodology to Address Driver Concerns
GAO-18-328R:Published: Mar 12, 2018. Publicly Released: Mar 12, 2018.

Technology Assessment:
Chemical Innovation: Technologies to Make Processes and Products More Sustainable
GAO-18-307:Published: Feb 8, 2018. Publicly Released: Mar 12, 2018.

Inspectors General:
Information on Vacancies and IG Community Views on Their Impact
GAO-18-270:Published: Mar 9, 2018. Publicly Released: Mar 9, 2018.

Federal Buildings:
Agencies Focus on Space Utilization As They Reduce Office and Warehouse Space
GAO-18-304:Published: Mar 8, 2018. Publicly Released: Mar 8, 2018.

Remittances to Fragile Countries:
Treasury Should Assess Risks from Shifts to Non-Banking Channels
GAO-18-313:Published: Mar 8, 2018. Publicly Released: Mar 8, 2018.

Health Care Funding:
Federal Obligations to and Expenditures by Selected Organizations Involved in Health-Related Activities, Fiscal Years 2013-2015
GAO-18-204R:Published: Mar 6, 2018. Publicly Released: Mar 8, 2018.

Coast Guard:
Actions Needed to Improve Data Quality and Transparency for Reporting on Mission Performance and Capital Planning
GAO-18-408T:Published: Mar 7, 2018. Publicly Released: Mar 7, 2018.

Cybersecurity Workforce:
DHS Needs to Take Urgent Action to Identify Its Position and Critical Skill Requirements
GAO-18-430T:Published: Mar 7, 2018. Publicly Released: Mar 7, 2018.

Personnel Security Clearances:
Additional Actions Needed to Implement Key Reforms and Improve Timely Processing of Investigations
GAO-18-431T:Published: Mar 7, 2018. Publicly Released: Mar 7, 2018.

Social Security Administration:
Continuing Leadership Focus Needed to Modernize How SSA Does Business
GAO-18-432T:Published: Mar 7, 2017. Publicly Released: Mar 7, 2018. 

GASB

2018 Request for Research  [03/08/18]
Gil Crain Memorial Research Grant

GASB In Focus—Invitation to Comment on Revenue and Expense Recognition [03/07/18]
Article

IASB

13 March 2018
Issued IFRS Standards 2018 (Red Book)—available to order now

13 March 2018
Join the IFRS Foundation—Customer Services Representative required

12 March 2018
March 2018 IASB meeting—agenda papers available

09 March 2018
The IASB invites applications for membership of Management Commentary Consultative Group

07 March 2018
New IFRS 17 webcast: recognising the contractual service margin in profit or loss

IRS 

IRS ‘Dirty Dozen’ list of tax scams for 2018 contains warning to avoid improper claims for business credits
IR-2018-49, March 13, 2018 — The IRS today warned that taxpayers should avoid making improper claims for business credits, a common scam used by unscrupulous tax preparers.

Taxpayers alerted against falsely inflated refunds in ‘Dirty Dozen’ list; Seniors, many others at risk
IR-2018-48, March 12, 2018 — The IRS warned taxpayers today to be alert to unscrupulous return preparers touting inflated tax refunds.

Fake charities make 2018 ‘Dirty Dozen’ list; taxpayers should be alert to scams involving disasters, worthwhile causes
IR-2018-47, March 9, 2018 — The IRS today warned taxpayers against scam groups masquerading as charitable organizations, luring people to make donations to groups or causes that don't actually qualify for a tax deduction.

Tax Time Guide: IRS Publication 17 helps taxpayers with 2017 taxes
IR-2018-46, March 8, 2018 — Taxpayers who are looking for a comprehensive guide of 2017 tax benefits and useful tips to help them with their taxes don’t have to go further than IRS Publication 17, Your Federal Income Tax.

Tax Return Preparer Fraud Ranks on 2018 ‘Dirty Dozen’: Taxpayers Urged to Choose Reputable Tax Preparers
IR-2018-45, March 8, 2018 — With more than half of the nation's taxpayers relying on someone else to prepare their tax return, the IRS reminded consumers to be on the lookout for unscrupulous tax preparers looking to make a fast buck from honest people seeking tax assistance.

IRS: Refunds worth $1.1 billion waiting to be claimed by those who have not filed 2014 federal income tax returns
IR-2018-44, March 8, 2018 ― Unclaimed federal income tax refunds totaling about $1.1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2014 federal income tax return, according to the Internal Revenue Service.

Interest Rates Increase for the Second Quarter of 2018
IR-2018-43, March 7, 2018 ― The IRS today announced that interest rates increased for the calendar quarter beginning April 1, 2018.

Despite Major Progress, Identity Theft Still on IRS ‘Dirty Dozen’ Tax Scams List
IR-2018-42, Mar. 7, 2018 — Even though reports of tax-related identity theft have declined markedly in recent years, the Internal Revenue Service warns that this practice is still widespread and remains serious enough to earn a spot on the agency’s annual “Dirty Dozen” list of tax scams.

SEC

Foreign Affiliates of KPMG, Deloitte, BDO Charged in Improper Audits 
March 13, 2018

SEC Charges Penny Stock “Mailman” With Scalping Investors In Gold Mining Stocks
March 9, 2018

SEC Foils Penny Stock Executive’s Plan to Pump Stock and Exploit Investors
March 9, 2018

Merrill Lynch Charged With Gatekeeping Failures in the Unregistered Sales of Securities
March 8, 2018

Investment Adviser Settles Charges for Cheating Clients in Fraudulent Cherry-Picking Scheme
March 8, 2018

Voya Advisers Agree to Repay Clients and Settle Charges That They Failed to Disclose Securities Lending Conflict
March 8, 2018

SEC Obtains Partial Asset Freeze of Proceeds in Alleged Fraudulent Touting Scheme
March 8, 2018

SEC Charges Company and Executives in Oil-and-Gas Offering Fraud
March 8, 2018