Regulatory Roundup: May 6-12
AICPA
Nearly Three-Quarters of Accounting Master’s Programs Report an Increase in Applications
May 06, 2025
CBO
Presentation by Chad Shirley, an analyst in CBO’s Microeconomic Studies Division, to the National Federation of Municipal Analysts.
As ordered reported on April 29, 2025
FASB
GAO
Published: May 2, 2025 . Publicly Released: May 9, 2025 .
Priority Open Recommendations:
Office of the Director of National Intelligence
GAO-25-108078
Published: May 1, 2025 . Publicly Released: May 9, 2025 .
Federal Workforce:
Observations on the Implementation of the Trusted Workforce 2.0 Personnel Vetting Reform Initiative
GAO-25-107325Published: May 9, 2025 . Publicly Released: May 9, 2025 .
The federal government is working to improve its processes for determining the trustworthiness of its personnel. This effort, "Trusted Workforce 2.0," aims to address lengthy background investigations, information security concerns, and more. We surveyed agencies and contractors on their experiences with the effort. Agencies reported improved access to real-time information on personnel but noted challenges such as IT compatibility. Contractors reported improvements in some personnel...
Telework:
Private Sector Stakeholder and Expert Views GAO-25-107078
Published: May 8, 2025 . Publicly Released: May 8, 2025 .'
Since the COVID-19 pandemic, opinions on telework have been evolving. For this Q&A, we talked to a number of organizations that represent private sector employers and workers. They collectively identified improvements in recruiting and retaining workers as the greatest benefit of telework. They also noted that maintaining workplace culture in a telework environment was the biggest challenge. Additionally, some experts said telework opens work opportunities...
Small Business Administration
During the COVID-19 pandemic, many riders stopped using public transit. Commuter rail, an alternative to driving between suburbs and city centers, was hit particularly hard. As of December 2024, a majority of the nation's 31 commuter rail systems were running at close to pre-pandemic levels. But most systems continued to face lower ridership and higher operating costs. Increases in federal funding since 2019 helped offset...
The American spirit of innovation drives inventors to develop new technologies. Patents help them protect their inventions. But patent examiners say they aren't given enough training, resources, or time to thoroughly review patent applications—especially for complicated new technology. The U.S. Patent and Trademark Office has tried new ways to support patent examiners, but there's more to do. For example, the agency doesn't track if its...
Priority Open Recommendations:
Environmental Protection Agency
GAO-25-108095
Published: Apr 30, 2025 . Publicly Released: May 7, 2025 .
Highway Funding:
Information on Variables for Potential New Formula Grant Programs
GAO-25-107097
Published: May 6, 2025 . Publicly Released: May 6, 2025 .
Each year, the Department of Transportation distributes billions of dollars to Tribes, states, and localities to build and repair road infrastructure. Most of these funds are distributed by formula grant programs, which use variables to calculate how much money recipients receive. As Congress develops new surface transportation legislation, it could create new formula programs. We surveyed current recipients and others, who suggested multiple variables that...
IASB
7 May 2025
6 May 2025
IRS
IR-2025-58, May 9, 2025 — The Internal Revenue Service will begin accepting applications for Low Income Taxpayer Clinic matching grants from all qualified organizations from May 15, 2025, to July 14, 2025. The period of performance for the grant will be Jan. 1, 2026, to Dec. 31, 2026.
IR-2025-57, May 8, 2025 — The Internal Revenue Service joins in celebrating National Small Business Week by reminding taxpayers and small businesses that, even though the April 15, 2025, tax filing deadline has passed, it is important to stay vigilant against scams and fraud year-round.
PCAOB