AICPA

AICPA and CPA.com Launch .CPA
The AICPA and CPA.com, have begun an early-phase rollout of .cpa, a restricted Internet domain that allows CPAs to connect with clients with increased trust, security and verification.
September 1, 2020

CBO

Cost Estimate
H.R. 7119, Alaska Native Tribal Health Consortium Land Transfer Act of 2020
September 3, 2020
As ordered reported by the House Committee on Natural Resource on July 29, 2020

Cost Estimate
S. 2891, Tribal Wildlife Corridors Act of 2019
September 3, 2020
As ordered reported by the Senate Committee on Indian Affairs
on July 29, 2020

Cost Estimate
S. 3099, Southeast Alaska Regional Health Consortium Land Transfer Act of 2019
September 3, 2020
As ordered reported by the Senate Committee on Indian Affairs
on July 29, 2020

Cost Estimate
S. 3100, Alaska Native Tribal Health Consortium Land Transfer Act of 2019
September 3, 2020
As ordered reported by the Senate Committee on Indian Affairs
on July 29, 2020

Report
An Update to the Budget Outlook: 2020 to 2030
September 2, 2020
CBO projects a federal budget deficit of $3.3 trillion in 2020, more than triple the shortfall recorded in 2019, mostly because of the economic disruption caused by the 2020 coronavirus pandemic and the enactment of legislation in response.

Cost Estimate
H.R. 1267, B-47 Ridge Designation Act
September 2, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
H.R. 6535, a bill to deem an urban Indian organization and employees thereof to be a part of the Public Health Service for the purposes of certain claims for personal injury, and for other purposes
September 2, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
S. 3643, VA Mission Telehealth Clarification Act
September 2, 2020
As ordered reported by the Senate Committee on Veterans’ Affairs on August 5, 2020

Report
The Outlook for Major Federal Trust Funds: 2020 to 2030
September 2, 2020
CBO projects that the balances held by federal trust funds will fall by $43 billion in fiscal year 2020. Spending from the trust funds is projected to exceed income by $18 billion in 2021, a deficit that grows to $502 billion by 2030.

Presentation
CBO’s Economic Forecast: Understanding the Slowdown of Productivity Growth
September 1, 2020
Presentation by Robert Shackleton, an analyst in CBO’s Macroeconomic Analysis Division, at the NABE Foundation 17th Annual Economic Measurement Seminar.

Cost Estimate
H.R. 3160, Blackwater Trading Post Land Transfer Act
September 1, 2020
As ordered reported by the House Committee on Natural Resources on January 15, 2020

Cost Estimate
H.R. 3331, Countering Hizballah in Lebanon’s Military Act of 2020
September 1, 2020
As ordered reported by the House Committee on Foreign Affairs on July 29, 2020

Cost Estimate
H.R. 5487, Veterans Cemetery Grants Improvement Act
September 1, 2020
As ordered reported by the House Committee on Veterans’ Affairs on July 30, 2020

Cost Estimate
H.R. 7445, a bill to amend title 38, United States Code, to expand eligibility for home loans from the Secretary of Veterans Affairs to certain members of the reserve components of the Armed Forces, and for other purposes
September 1, 2020
As ordered reported by the House Committee on Veterans’ Affairs on July 30, 2020

Cost Estimate
S. 2912, Blackwater Trading Post Land Transfer Act
September 1, 2020
As ordered reported by the Senate Committee on Indian Affairs on July 29, 2020

Cost Estimate
S. 3282, Protecting Business Opportunities for Veterans Act of 2020
September 1, 2020
As ordered reported by the Senate Committee on Veterans’ Affairs on August 5, 2020

Cost Estimate
S. 685, Inspector General Access Act of 2019
September 1, 2020
As reported by the Senate Committee on the Judiciary on June 29, 2020

Blog Post
CBO’s Panel of Health Advisers, 2020
August 31, 2020
CBO and its analyses benefit from the advisers’ understanding of cutting-edge research and the latest developments in health care delivery and financing.

Cost Estimate
H.R. 4908, Native American Veteran Parity in Access to Care Today Act
August 31, 2020
As ordered reported by the House Committee on Veterans’ Affairs on July 30, 2020

FASB

FASB to Host Online Training Forum for Continuing Professional Education (CPE) Providers  [09/03/20]
Media Advisory
Course Description and Registration

Registration Opens for October 20 FASB Webcast on Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity  [09/02/20]
Media Advisory
Course Description and Registration

GAO

Bank Supervision:
FDIC Could Better Address Regulatory Capture Risks
GAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.

COVID-19 Contracting:
Observations on Contractor Paid Leave Reimbursement Guidance and Use
GAO-20-662: Published: Sep 3, 2020. Publicly Released: Sep 3, 2020.

Defense Science and Technology:
Opportunities to Better Integrate Industry Independent Research and Development into DOD Planning
GAO-20-578: Published: Sep 3, 2020. Publicly Released: Sep 3, 2020.

Facial Recognition:
CBP and TSA are Taking Steps to Implement Programs, but CBP Should Address Privacy and System Performance Issues
GAO-20-568: Published: Sep 2, 2020. Publicly Released: Sep 2, 2020.

Abusive Tax Schemes:
Offshore Insurance Products and Associated Compliance Risks
GAO-20-589: Published: Jul. 30, 2020 Publicly Released: Aug. 31, 2020

COVID-19:
Brief Update on Initial Federal Response to the Pandemic
GAO-20-708: Published: Aug. 31, 2020 Publicly Released: Aug. 31, 2020

Science & Tech Spotlight:
Consumer Electronics Recycling
GAO-20-712SP: Published: Aug. 31, 2020 Publicly Released: Aug. 31, 202

Social Security Contracting:
Relevant Guidance Should Be Revised to Reflect the Role of Contracting Personnel in Software Development
GAO-20-627: Published: Jul. 31, 2020 Publicly Released: Aug. 31, 2020

Time and Attendance:
Agencies Generally Compiled Data on Misconduct, and Reported Using Various Internal Controls for Monitoring
GAO-20-640: Published: Aug. 31, 2020 Publicly Released: Aug. 31, 2020

IASB

03 September 2020
IFRS Interpretations Committee September 2020 meeting papers and agenda available

02 September 2020
Accounting Standards Advisory Forum October 2020 meeting papers available

IRS

Interest rates remain the same for the fourth quarter of 2020
IR-2020-202, September 3, 2020 — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2020.

Rachel Leiser Levy selected as new Associate Chief Counsel Employee Benefits, Exempt Organizations and Employment Taxes
IR-2020-201, September 3, 2020 — The Internal Revenue Service announced today that Rachel Leiser Levy is the new Associate Chief Counsel, Employee Benefits, Exempt Organizations and Employment Taxes (EEE).

IRS provides additional guidance on base erosion and anti-abuse tax
IR-2020-200, September 1, 2020 — The IRS issued final regulations today providing additional guidance on the base erosion and anti-abuse tax (BEAT).

IRS launches BBA centralized partnership audit webpage
IR-2020-199, September 1, 2020 — The IRS announces the launch of the Bi-Partisan Budget Act (BBA) Centralized Partnership Audit Regime webpage.

Thursday, Sept. 3 IRS webinar focuses on Opportunity Zones
IR-2020-198, August 31, 2020 — The Internal Revenue Service is holding a free webinar designed to give an overview of Opportunity Zones and to discuss related tax benefits for investors.

IRS provides tax relief for victims of Hurricane Laura; Oct. 15 deadline, other dates extended to Dec. 31
IR-2020-197, August 31, 2020 — Victims of Hurricane Laura that began August 22 now have until December 31, 2020, to file various individual and business tax returns and make tax payments, the IRS announced today.

Settlements begin in syndicated conservation easement transaction initiative
IR-2020-196, August 31, 2020 — As part of a continuing effort to combat abusive transactions, the Internal Revenue Service announced today the completion of the first settlement under its initiative to resolve certain docketed cases involving syndicated conservation easement transactions.

NYS

Superintendent Lacewell Announces DFS’ Opposition to Federal Government’s Proposed True Lender Rule
September 2, 2020​

DFS Issues Guidance Instructing Regulated Mortgage Lenders and Servicers Not to Charge Consumers for Mortgage Default Registration Fees
September 1, 2020​

SEC

SEC Charges Fund Manager for Fraud in Securities Offering in Neiman Marcus Bankruptcy
2020-203, Sept. 3, 2020 — The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a New York-based management firm that he founded and where he served as Managing Partner and Portfolio Manager.

SEC Investor Advisory Committee to Meet Virtually on September 24
2020-202, Sept. 1, 2020 — The Securities and Exchange Commission's Investor Advisory Committee will hold a virtual public meeting on September 24, 2020.  The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the Committee's website for later viewing.

SEC Awards Over $2.5 Million to Joint Whistleblowers for Detailed Analysis That Led to Multiple Successful Actions
2020-201., Sept. 1, 2020 — The Securities and Exchange Commission today announced an award of over $2.5 million to joint whistleblowers whose tip based largely on highly probative independent analysis of a public company’s filings led to several successful enforcement actions.  In addition to their tip, the whistleblowers provided helpful assistance early in the investigation, which helped save Commission time and resources.

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
2020-200, Aug. 31, 2020 — The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 23 soliciting entities, eight impersonators of genuine firms, and seven bogus regulators.

SEC Awards Over $1.25 Million to Whistleblower
2020-199, Aug. 31, 2020 — The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of millions of dollars to harmed investors.

TIGTA

The Accuracy of Currency Transaction Report Data in IRS Systems Should Be Improved to Enhance Its Usefulness for Compliance Purpose

Fiscal Year 2020 Statutory Review of Potential Fair Tax Collection Practices Violations
September 3, 2020
​
Improvements Are Needed to Address Continued Deficiencies in Ensuring the Accuracy of the Centralized Authorization File
September 2, 2020