Regulatory Roundup: Nov. 8-14
AICPA
AICPA Underlines Priorities in Welcoming Senate’s Tax Plan
November 13, 2017
Programs to Advance Women to Leadership Roles in CPA Firms Seen as Bolstering Talent Acquisition, Survey Finds
November 9, 2017
CBO
Cost Estimate
Estimated deficits and debt under the Chairman’s Mark of the Tax Cuts and Jobs Act
November 13, 2017
Cost Estimate
H.R. 1, a bill to provide for reconciliation pursuant to titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018
November 13, 2017
Cost Estimate
H.R. 4182, Ensuring a Qualified Civil Service Act of 2017
November 13, 2017
Cost Estimate
H.R. 3739, Presidential Allowance Modernization Act of 2017
November 13, 2017
Cost Estimate
S. 943, Johnson-O’Malley Supplemental Indian Education Program Modernization Act
November 13, 2017
Cost Estimate
H.R. 4243, VA Asset and Infrastructure Review Act of 2017
November 13, 2017
Cost Estimate
H.R. 3245, Medicare Civil and Criminal Penalties Update Act
November 9, 2017
Cost Estimate
H.R. 2810, National Defense Authorization for Fiscal Year 2018
November 9, 2017
Cost Estimate
H.R. 3973, Market Data Protection Act of 2017
November 8, 2017
Cost Estimate
H.R. 424, Gray Wolf State Management Act of 2017
November 8, 2017
Cost Estimate
H.R. 1133, Veterans Transplant Coverage Act of 2017
November 8, 2017
Cost Estimate
A Legislative Proposal Related to the Arctic National Wildlife Refuge
November 8, 2017
Report
Repealing the Individual Health Insurance Mandate: An Updated Estimate
November 8, 2017
Blog Post
Today CBO Will Publish an Updated Estimate of the Effects of Repealing the Individual Mandate
November 8, 2017
Cost Estimate
Estimated deficits and debt under the Chairman’s amendment in the nature of a substitute to H.R. 1, the Tax Cuts and Jobs Act
November 8, 2017
Report
Monthly Budget Review: Summary for Fiscal Year 2017
November 7, 2017
GAO
Preventing Drug Abuse:
Low Participation by Pharmacies and Other Entities as Voluntary Collectors of Unused Prescription Drugs
GAO-18-25:Published: Oct 12, 2017. Publicly Released: Nov 13, 2017.
Tobacco Trade:
Duty-Free Cigarettes Sold in Unlimited Quantities on the U.S.-Mexico Border Pose Customs Challenges
GAO-18-21:Published: Oct 11, 2017. Publicly Released: Nov 13, 2017.
Child Well-Being:
Key Considerations for Policymakers, Including the Need for a Federal Cross-Agency Priority Goal
GAO-18-41SP:Published: Nov 9, 2017. Publicly Released: Nov 9, 2017.
Financial Audit:
Bureau of the Fiscal Service's Fiscal Years 2017 and 2016 Schedules of Federal Debt
GAO-18-134:Published: Nov 9, 2017. Publicly Released: Nov 9, 2017.
Financial Audit:
IRS's Fiscal Years 2017 and 2016 Financial Statements
GAO-18-165:Published: Nov 9, 2017. Publicly Released: Nov 9, 2017.
Financial Audit:
Office of Financial Stability (Troubled Asset Relief Program) Fiscal Years 2017 and 2016 Financial Statements
GAO-18-170R:Published: Nov 9, 2017. Publicly Released: Nov 9, 2017.
Independent Auditor's Report on Applying Agreed-Upon Procedures:
Fiscal Year 2017 Excise Tax Distributions to the Airport and Airway Trust Fund and the Highway Trust Fund
GAO-18-152R:Published: Nov 9, 2017. Publicly Released: Nov 9, 2017.
Border Patrol:
Issues Related to Agent Deployment Strategy and Immigration Checkpoints
GAO-18-50:Published: Nov 8, 2017. Publicly Released: Nov 8, 2017.
DATA Act:
OMB, Treasury, and Agencies Need to Improve Completeness and Accuracy of Spending Data and Disclose Limitations
GAO-18-138:Published: Nov 8, 2017. Publicly Released: Nov 8, 2017.
Disaster Assistance:
Opportunities to Enhance Implementation of the Redesigned Public Assistance Grant Program
GAO-18-30:Published: Nov 8, 2017. Publicly Released: Nov 8, 2017.
Transitioning Veterans:
DOD Needs to Improve Performance Reporting and Monitoring for the Transition Assistance Program
GAO-18-23:Published: Nov 8, 2017. Publicly Released: Nov 8, 2017.
Transitioning Veterans:
Improvements Needed in DOD's Performance Reporting and Monitoring of the Transition Assistance Program
GAO-18-225T:Published: Nov 8, 2017. Publicly Released: Nov 8, 2017.
Information Technology Reform:
Agencies Need to Improve Certification of Incremental Development
GAO-18-148:Published: Nov 7, 2017. Publicly Released: Nov 7, 2017.
GASB
GASB Proposes Clarifications to Guidance on Majority Equity Interests
Norwalk, CT, November 9, 2017—The Governmental Accounting Standards Board (GASB) today proposed guidance that would clarify the accounting and financial reporting for a state or local government’s majority equity interest in an organization that remains legally separate after acquisition.
IASB
09 November 2017
IASB Chair's speech at international accounting seminar in Brazil
09 November 2017
Summary of September 2017 ASAF meeting
08 November 2017
Join the IFRS Foundation—digital content assistant required
IRS
Get Ready for Taxes: Plan Ahead for 2018 Filing Season to Avoid Refund Delays
IR-2017-185, Nov. 7, 2017 — The IRS today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year.
NYC Dept. of Finance
November 8, 2017
Adopted amended rules requires Real Property Transfer Tax (RPTT) returns be electronically filed for Staten Island properties
NYS Dept. of Taxation and Finance
Tax Breaks and Credits Available for Veterans and their Employers
November 13, 2017
PCAOB
PCAOB Publishes Staff Inspection Brief Previewing 2016 Inspection Findings
Washington, Nov. 10, 2017
The Public Company Accounting Oversight Board today published a staff inspection brief that previews the results of 2016 inspections of auditors of public companies and other issuers.
PCAOB to Consider 2018 Budget and Related Strategic Plan at Open Meeting Nov. 16
Washington, Nov. 10, 2017
The Public Company Accounting Oversight Board will hold an open meeting on Thursday, November 16, at 10 a.m., to consider adoption of the PCAOB budget for the 2018 fiscal year and the 2017-2021 strategic plan.
PCAOB Announces Standing Advisory Group Meeting on November 29-30
Topics include professional skepticism, audit quality indicators, and PCAOB research projects
Washington, Nov. 9, 2017
The Public Company Accounting Oversight Board today announced that it has scheduled a meeting of its Standing Advisory Group in Washington on Wednesday, November 29, and Thursday, November 30.
SEC
SEC Announces the Formation and First Members of Fixed Income Market Structure Advisory Committee
2017-209, Washington D.C., Nov. 9, 2017 —The Securities and Exchange Commission today announced the formation and first members of its Fixed Income Market Structure Advisory Committee. The committee, whose initial focus will be on the corporate bond and municipal securities markets, will provide advice to the Commission on the efficiency and resiliency of these markets and identify opportunities for regulatory improvements.
SEC Warns Investors About Paid-to-Click Scams
2017-208, Washington D.C., Nov. 7, 2017 —The Securities and Exchange Commission is warning investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online ads each day.