AICPA

Press Release
AICPA/Harris Poll Reveals Many Taxpayers Unaware of State Tax Liabilities Related to Working Remotely
A survey conducted in October on behalf of the AICPA showed that among the 58 percent of Americans currently employed, 42% have worked remotely during the COVID-19 pandemic and 25% are currently.
November 5, 2020

CBO

Cost Estimate
H.R. 1162, Water Recycling Investment and Improvement Act
November 6, 2020
As ordered reported by the House Committee on Natural Resources on March 11, 2020

Cost Estimate
S. 2610, Tribal Energy Reauthorization Act
November 6, 2020
As ordered reported by the Senate Committee on Indian Affairs on July 29, 2020

Cost Estimate
H.R. 1031, Pala Band of Mission Indians Land Transfer Act of 2020
November 5, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
H.R. 1248, York River Wild and Scenic River Act of 2019
November 5, 2020
As ordered reported by the House Committee on Natural Resources on September 30, 2020

Cost Estimate
S. 3044, Western Tribal Water Infrastructure Act of 2020
November 5, 2020
As ordered reported by the Senate Committee on Indian Affairs on July 29, 2020

Cost Estimate
H.R. 2277, a bill to designate the facility of the United States Postal Service located at 1715 Linnerud Drive in Sun Prairie, Wisconsin, as the “Fire Captain Cory Barr Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 5245, Stopping Harm and Implementing Enhanced Lead-time for Debts for Veterans Act
November 4, 2020
As passed by the House of Representatives on September 23, 2020

Cost Estimate
H.R. 5451, a bill to designate the facility of the United States Postal Service located at 599 East Genesse Street in Fayetteville, New York, as the “George H. Bacel Post Office Building”
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 5562, a bill to designate the facility of the United States Postal Service located at 4650 East Rosedale Street in Fort Worth, Texas, as the “Dionne Phillips Bagsby Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 5972, a bill to designate the facility of the United States Postal Service located at 500 Delaware Avenue, Suite 1, in Wilmington, Delaware, as the Mary Ann Shadd Cary Post Office
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 5983, a bill to designate the facility of the United States Postal Service located at 4150 Chicago Avenue in Riverside, California, as the “Woodie Rucker-Hughes Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 6016, a bill to designate the facility of the United States Postal Service located at 14955 West Bell Road in Surprise, Arizona, as the “Marc Lee Memorial Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 6418, a bill to designate the facility of the United States Postal Service located at 509 Fairhope Avenue in Fairhope, Alabama, as the “William ‘Jack’ Jackson Edwards III Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 7088, a bill to designate the facility of the United States Postal Service located at 111 James Street in Reidsville, Georgia, as the “Senator Jack Hill Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 7502, a bill to designate the facility of the United States Postal Service located at 101 South 16th Street in Clarinda, Iowa, as the “Jessie Field Shambaugh Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 7810, a bill to designate the facility of the United States Postal Service located at 3519 East Walnut Street in Pearland, Texas, as the “Tom Reid Post Office Building
November 4, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 8294, National Apprenticeship Act of 2020
November 4, 2020
As ordered reported by the House Committee on Education and Labor on September 24, 2020
Cost Estimate

S. 3591, America’s Water Infrastructure Act of 2020
November 4, 2020
As reported by the Senate Committee on Environment and Public Works on May 11, 2020

Cost Estimate
S. 3905, the Intelligence Authorization Act for Fiscal Year 2021
November 4, 2020
As reported by the Senate Select Committee on Intelligence on June 8, 2020

Cost Estimate
H.R. 6395, the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021
November 2, 2020
As passed by the House of Representatives on July 21, 2020

Cost Estimate
H.R. 4636, PLASTICS Act
November 2, 2020
As ordered reported by the House Committee on Foreign Affairs on October 1, 2020

Cost Estimate
H.R. 5534, Comprehensive Immunosuppressive Drug Coverage for Kidney Transplant Patients Act of 2020
November 2, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

Cost Estimate
H.R. 8405, American Values and Security in International Athletics Act
November 2, 2020
As ordered reported by the House Committee on Foreign Affairs on October 1, 2020

Cost Estimate
H.R. 8438, Belarus Democracy, Human Rights, and Sovereignty Act of 2020
November 2, 2020
As ordered reported by the House Committee on Foreign Affairs on October 1, 2020

FAF

Financial Accounting Foundation Board of Trustees  [11/03/20]
Meeting Notice

FASB

FASB Issues Standard That Delays Long-Duration Insurance Guidance and Eases Early Adoption Provisions  [11/05/20]
Media Advisory
ASU 2020-11

FASB Names James Rotherham to Its Small Business Advisory Committee  [11/04/20]
Media Advisory

Financial Accounting Foundation Board of Trustees  [11/03/20]
Notice of Meeting

GAO

Aviation Safety:
FAA's Office of Aviation Safety Should Take Additional Actions to Ensure Its Workforce Has Needed Skills
GAO-21-94: Published: Nov. 9, 2020 Publicly Released: Nov. 9, 2020

Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal Debt
GAO-21-124: Published: Nov. 9, 2020 Publicly Released: Nov. 9, 2020

Human Trafficking:
Agencies Have Taken Steps to Strengthen International Anti-trafficking Projects
GAO-21-53: Published: Nov. 9, 2020 Publicly Released: Nov. 9, 2020

Opportunity Zones:
Improved Oversight Needed to Evaluate Tax Expenditure Performance 
GAO-21-30: Published: Oct. 8, 2020 Publicly Released: Nov. 9, 2020

Rule of Law Assistance:
State and USAID Could Improve Monitoring Efforts
GAO-21-14: Published: Nov. 9, 2020 Publicly Released: Nov. 9, 2020

FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust Funds
GAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.

Arleigh Burke Class Destroyers:
Observations on the Navy's Hybrid Electric Drive Program
GAO-21-79R: Published: Nov 5, 2020. Publicly Released: Nov 5, 2020.

Defense Reform:
DOD Has Made Progress, but Needs to Further Refine and Formalize Its Reform Efforts
GAO-21-74: Published: Nov 5, 2020. Publicly Released: Nov 5, 2020.

Organ Transplants:
Changes in Allocation Policies for Donated Livers and Lungs
GAO-21-70: Published: Oct 16, 2020. Publicly Released: Nov 4, 2020.

GASB

GASB Outlook E-Newsletter Fall 2020  [11/05/20]
Newsletter

Financial Accounting Foundation Board of Trustees  [11/03/20]
Notice of Meeting

IASB

09 November 2020
Call for papers: 2021 IASB Research Forum

06 November 2020
November 2020 agendas and agenda papers available for the IASB meeting and IASB-FASB joint meeting

06 November 2020
Second webinar on Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment in English and Japanese—recordings now available

05 November 2020
Speech: Trustee Chair’s keynote to UNCTAD on sustainability reporting

05 November 2020
IASB Research Forum 2020: recordings and presentations now available

04 November 2020
Recording of IASB and EAA virtual workshop on Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment

04 November 2020
October 2020 ITCG meeting summary available

03 November 2020
October 2020 IASB podcast available now

03 November 2020
Full programme available: joint investor outreach webinar on Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment

03 November 2020
October 2020 Accounting Standards Advisory Forum Meeting Summary Available

IRS

IRS provides guidance on certain distributions from terminating 403(b) plans
IR-2020-251, November 5, 2020 — The Department of the Treasury and the Internal Revenue Service today issued guidance for employers and employees with terminating 403(b) plans that fund benefits through 403(b)(7) custodial accounts.

Many college students may still qualify for an Economic Impact Payment; review the guidelines and register by Nov. 21 at IRS.gov
IR-2020-250, November 5, 2020 — The Internal Revenue Service today urged any eligible self-supporting college student who doesn’t need to file a tax return to register by November 21 so they can receive an Economic Impact Payment before the end of the year.

Security Summit partners warn taxpayers of new COVID-related text scam
IR-2020-249, November 4, 2020 — The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment.

IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts
IR-2020-248, November 2, 2020 — The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS.

NYS

Superintendent Lacewell Announces DFS Fines Four Property and Casualty Insurers $2.1 Million and Secures $10.6 Million In Consumer Restitution
November 3, 2020

SEC

SEC Awards More Than $3.6 Million and $750,000 in Separate Whistleblower Awards
2020-278, Nov. 5, 2020 — The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of over $4.3 million. In the first order, the Commission awarded a whistleblower over $3.6 million for providing important information that alerted the Commission to misconduct occurring abroad. The whistleblower provided substantial and ongoing assistance to enforcement staff, which included traveling to another country at the whistleblower’s own expense to meet with staff in person and providing extensive supporting documentation.

SEC Announces New Asset Management Advisory Committee Member
2020-277, Nov. 4, 2020 — Today the Securities and Exchange Commission announced the appointment of Renee LaRoche-Morris, Chief Operating Officer, BNY Mellon Investment Management, as a new member of the Asset Management Advisory Committee.  Ms. LaRoche-Morris was appointed following the resignation of Mark Tibergien, who retired from BNY Mellon/Pershing.

SEC Awards Over $28 Million to Whistleblower
2020-275, Nov. 3, 2020 — The Securities and Exchange Commission today announced an award of over $28 million to a whistleblower who provided significant information that aided the SEC in bringing a successful enforcement action.  The whistleblower internally reported information that prompted the company to initiate an internal investigation, and saved the staff time and resources by providing testimony and identifying a key witness.

SEC Issues Agenda for Nov. 9 Meeting of the Small Business Capital Formation Advisory Committee
2020-276, Nov. 3, 2020 —The Securities and Exchange Commission today released the agenda for the Monday, Nov. 9, 2020, meeting of its Small Business Capital Formation Advisory Committee, which will be hosted via video conference.

SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2020
2020-274, Nov. 2, 2020 — The Securities and Exchange Commission’s Division of Enforcement issued its annual report for fiscal year 2020 today. The report provides a comprehensive view of the Division's accomplishments over the past year, discusses significant actions and key areas of strategic change, and details the Division's COVID-19-related enforcement efforts.

SEC Harmonizes and Improves “Patchwork” Exempt Offering Framework
2020-273., Nov. 2, 2020 — The Securities and Exchange Commission today voted to amend its rules in order to harmonize, simplify, and improve the multilayer and overly complex exempt offering framework. These amendments will promote capital formation and expand investment opportunities while preserving or improving important investor protections.