Regulatory Roundup: Oct. 24-30
AICPA
Press Release
AICPA Announces Winners of 2018 'Bank On It' Tournaments
AICPA is pleased to announce the three high school students who have won 2018 Bank On It tournaments held at business and finance education conferences.
October 30, 2018
Press Release
AICPA Releases a Working Draft of Accounting Issues for Implementation of the New Credit Loss Standard; Comments due December 31, 2018
The AICPA’s Financial Reporting Executive Committee has issued a working draft of accounting issues related to the implementation of Accounting Standards Update (ASU) No. 2016-13.
October 30, 2018
Press Release
Stock Market Major Source of Americans’ Financial Pleasure Despite Volatility: AICPA Index
Record Job Openings and a Volatile Market Impacting Average Americans’ Financial Satisfaction. AICPA Q3 2018 Personal Financial Satisfaction index.
October 25, 2018
CBO
Cost Estimate
S. 3437, Federal Rotational Cyber Workforce Program Act of 2018
October 26, 2018
Cost Estimate
H.R. 237, Integrated Coastal and Ocean Observation System Act Amendments of 2018
October 26, 2018
Cost Estimate
S. 2560, Reclamation Title Transfer Act of 2018
October 26, 2018
Cost Estimate
S. 2062, Oracle Cabins Conveyance Act of 2018
October 25, 2018
Cost Estimate
H.R. 6755, Judiciary ROOM Act of 2018
October 25, 2018
Cost Estimate
H.R. 5468, Permitting Litigation Efficiency Act of 2018
October 25, 2018
Cost Estimate
H.R. 6018, Trans-Sahara Counterterrorism Partnership Act of 2018
October 25, 2018
Presentation
CBO’s Health Insurance Simulation Model: Overview of Planned Updates
October 25, 2018
Cost Estimate
H.R. 6118, a bill to direct the Secretary of the Interior to annually designate at least one city in the United States as an “American World War II Heritage City,” and for other purposes
October 24, 2018
Cost Estimate
S. 884, a bill to require the Bureau of Land Management to provide certain covered claimholders the opportunity to cure any defects in a small miner maintenance fee waiver application or pay the claim maintenance fee, and for other purposes
October 24, 2018
Cost Estimate
S. 1862, Trafficking Victims Protection Reauthorization Act of 2017
October 24, 2018
Cost Estimate
H.R. 3891, a bill to amend title XIX of the Social Security Act to clarify the authority of state Medicaid fraud and abuse control units to investigate and prosecute cases of Medicaid patient abuse and neglect in any setting, and for other purposes
October 24, 2018
Cost Estimate
H.R. 6040, Contra Costa Canal Transfer Act
October 24, 2018
Cost Estimate
H.R. 1132, Political Appointee Burrowing Prevention Act
October 24, 2018
FAF
Financial Accounting Foundation Board of Trustees [10/30/18]
Meeting Notice
FASB
FASB Outlook E-Newsletter Q4 2018 [10/30/18]
Newsletter
FASB Updates List of Permissible U.S. Benchmark Interest Rates for Hedge Accounting [10/25/18]
Media Advisory
ASU 2018-16
GAO
Defense Health Care:
DOD Should Demonstrate How Its Plan to Transfer the Administration of Military Treatment Facilities Will Improve Efficiency
GAO-19-53:Published: Oct 30, 2018. Publicly Released: Oct 30, 2018.
Department of Housing and Urban Development:
Better Guidance and Performance Measures Would Help Strengthen Enforcement Efforts
GAO-19-38:Published: Oct 30, 2018. Publicly Released: Oct 30, 2018.
Whistleblower Program:
IRS Needs to Improve Data Controls for Some Award Determinations
GAO-18-698:Published: Sep 28, 2018. Publicly Released: Oct 29, 2018.
K-12 Education:
Public High Schools with More Students in Poverty and Smaller Schools Provide Fewer Academic Offerings to Prepare for College
GAO-19-8:Published: Oct 11, 2018. Publicly Released: Oct 26, 2018.
National Air and Space Museum:
Smithsonian's Efforts to Improve Reliability of Its Revitalization Project's Cost Estimate Are Ongoing
GAO-19-78:Published: Oct 25, 2018. Publicly Released: Oct 25, 2018.
Embassy Construction:
Pace Is Slower Than Projected, and State Could Make Program Improvements
GAO-18-653:Published: Sep 25, 2018. Publicly Released: Oct 25, 2018.
Unaccompanied Children:
Agency Efforts to Reunify Children Separated from Parents at the Border
GAO-19-163:Published: Oct 9, 2018. Publicly Released: Oct 24, 2018.
Veterans First Program:
VA Needs to Address Implementation Challenges and Strengthen Oversight of Subcontracting Limitations
GAO-18-648:Published: Sep 24, 2018. Publicly Released: Oct 24, 2018.
IASB
30 October 2018
The October 2018 IASB podcast is now available
30 October 2018
IFRS Taxonomy Consultative Group applications close Friday 9 November
30 October 2018
IFRS Foundation Trustees announce ASAF membership 2018–2021
30 October 2018
Ann Tarca speech: The IASB—Reputation, legitimacy and happy families
29 October 2018
IASB members help shape academic accounting research
29 October 2018
GPF meeting: Tuesday 6th November—Agenda papers available
26 October 2018
October IASB Update published and work plan updated
26 October 2018
Podcast on October 2018 IASB meeting on IFRS 17 now available
25 October 2018
Papers for the IASB Research Forum 2018 now available
24 October 2018
IASB discusses next steps in implementation support for IFRS 17
IRS
Get Ready for Taxes: Learn how the new tax law affects tax returns next year
IR-2018- 209, Oct. 30, 2018 — The IRS today advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year.
Information Reporting Program Advisory Committee issues 2018 annual report
IR-2018-208, Oct. 24, 2018 — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2018 including numerous recommendations to the Internal Revenue Service on new and continuing issues in tax administration.
SEC
SEC Investor Advisory Committee to Hold Nov. 7 Telephone Meeting
Washington D.C., Oct. 25, 2018 — The Securities and Exchange Commission’s Investor Advisory Committee will meet telephonically on Nov. 7 at 2 p.m. Eastern Time. The public is invited to listen to the meeting live using the dial-in details provided below. A recording of the meeting will be archived on the committee’s webpage for later listening.
SEC Issues Agenda for October 29 Meeting of the Fixed Income Market Structure Advisory Committee
Washington D.C., Oct. 24, 2018 —The Securities and Exchange Commission today released the agenda for the Oct. 29 meeting of the Fixed Income Market Structure Advisory Committee meeting. The Commission established the advisory committee to provide a formal mechanism through which the Commission can receive advice and recommendations on fixed income market structure issues.