AICPA 

Press Release
AICPA Issues Technical Questions and Answers on Direct Care of Collection Items
The AICPA has issued non-authoritative guidance on the definition of direct care of collections.
May 1, 2019

CBO

Cost Estimate
S. 919, Space Frontier Act of 2019
May 3, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 3, 2019

Cost Estimate
H.R. 1520, Purple Book Continuity Act of 2019
May 3, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
S. 910, National Sea Grant College Program Amendments Act of 2019
May 2, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 3, 2019

Cost Estimate
S. 529, National Landslide Preparedness Act
May 2, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 3, 2019

Cost Estimate
H.R. 1704, Championing American Business Through Diplomacy Act of 2019
May 2, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019

Blog Post
Director’s Statement on CBO’s Updated 10-Year Baseline Budget Projections
May 2, 2019
Overall, our baseline budget projections, which reflect the assumption that current laws generally remain in place, have changed little since January, when we released The Budget and Economic Outlook: 2019 to 2029. In our projections, federal debt continues to rise from its already high level because of persistently large budget deficits.

Report
Updated Budget Projections: 2019 to 2029
May 2, 2019
CBO projects a deficit of $896 billion for 2019—$1 billion less than the deficit it projected in January. Federal debt held by the public is projected to grow from 78 percent of gross domestic product in 2019 to 92 percent in 2029.

Report
Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029
May 2, 2019
CBO and JCT project that federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $737 billion in 2019 and $1.3 trillion in 2029.

Cost Estimate
H.R. 1503, Orange Book Transparency Act of 2019
May 1, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
S. 862, Rebuilding Small Businesses After Disasters Act
May 1, 2019
As reported by the Senate Committee on Small Business and Entrepreneurship on April 3, 2019

Report
Key Design Components and Considerations for Establishing a Single-Payer Health Care System
May 1, 2019
This report describes the primary features of single-payer systems, and it discusses some of the design considerations and choices that policymakers will face in developing proposals for establishing such a system in the United States.

Cost Estimate
H.R. 1010, a bill to provide that the rule entitled "Short-Term, Limited Duration Insurance" shall have no force or effect
April 29, 2019
As ordered reported by the House Committee on Education and Labor on April 9, 2019

Cost Estimate
H.R. 1598, U.S. Customs and Border Protection Rural and Remote Hiring and Retention Strategy Act of 2019
April 26, 2019
As reported by the House Committee on Homeland Security on March 28, 2019

Cost Estimate
H.R. 1499, Protecting Consumer Access to Generic Drugs Act of 2019
April 26, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 1433, DHS MORALE Act
April 26, 2019
As passed by the House of Representatives on April 1, 2019

Cost Estimate
S. 747, Diesel Emissions Reduction Act of 2019
April 26, 2019
As reported by the Senate Committee on Environment and Public Works on April 10, 2019

Cost Estimate
H.R. 1781, Payment Commission Data Act of 2019
April 26, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 938, Bringing Low-cost Options and Competition while Keeping Incentives for New Generics Act of 2019
April 26, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 965, CREATES Act of 2019
April 25, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 1385, State Allowance for a Variety of Exchanges Act
April 25, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 987, MORE Health Education Act
April 25, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 1322, a bill to require a report on the effects of climate change on the Coast Guard, and for other purposes
April 25, 2019
As ordered reported by the House Committee on Transportation and Infrastructure on March 27, 2019

Cost Estimate
H.R. 1010, To provide that the rule entitled "Short-Term, Limited Duration Insurance" shall have no force or effect
April 25, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

FASB

Remarks of FASB Chairman Russell G. Golden at the 18th Annual Financial Reporting Conference, Baruch College, New, York, NY  [05/02/19]
Speech

GAO

Ginnie Mae:
Risk Management and Staffing-Related Challenges Need to Be Addressed
GAO-19-191: Published: Apr 3, 2019. Publicly Released: May 3, 2019.

DEFENSE ACQUISITIONS:
Observations on the F-35 and Air Force's Advanced Battle Management System
GAO-19-456T: Published: May 2, 2019. Publicly Released: May 2, 2019.

Army Modernization:
Army Should Take Steps to Reduce Risk
GAO-19-502T: Published: May 1, 2019. Publicly Released: May 1, 2019.

Critical Infrastructure Protection:
Actions Needed to Address Weaknesses in TSA's Pipeline Security Program Management
GAO-19-542T: Published: May 1, 2019. Publicly Released: May 1, 2019.

Department of Energy:
Environmental Liability Continues to Grow, and Significant Management Challenges Remain for Cleanup Efforts
GAO-19-460T: Published: May 1, 2019. Publicly Released: May 1, 2019.

Department of Homeland Security:
Continued Leadership Is Critical to Addressing a Range of Management Challenges
GAO-19-544T: Published: May 1, 2019. Publicly Released: May 1, 2019.

2020 Census:
Further Actions Needed to Reduce Key Risks to a Successful Enumeration
GAO-19-431T: Published: Apr 30, 2019. Publicly Released: Apr 30, 2019.

Data Act:
Pilot Effectively Tested Approaches for Reducing Reporting Burden for Grants but Not for Contracts
GAO-19-299: Published: Apr 30, 2019. Publicly Released: Apr 30, 2019.

Small Business Administration:
Preliminary Observations on Efforts to Foster Entrepreneurship with Historically Black Colleges and Universities
GAO-19-515T: Published: Apr 30, 2019. Publicly Released: Apr 30, 2019.

Veterans Health Administration:
Past Performance System Recommendations Have Not Been Implemented
GAO-19-350: Published: Apr 30, 2019. Publicly Released: Apr 30, 2019.

Priority Open Recommendations:
Department of Commerce
GAO-19-381SP: Published: Apr 23, 2019. Publicly Released: Apr 30, 2019

Army Corps of Engineers:
Consideration of Project Costs and Benefits in Using Natural Coastal Infrastructure and Associated Challenges
GAO-19-319: Published: Mar. 28, 2019 Publicly Released: Apr. 29, 2019

Federal Workforce:
Key Talent Management Strategies for Agencies to Better Meet Their Missions
GAO-19-181: Published: Mar. 28, 2019 Publicly Released: Apr. 29, 2019

F-35 Joint Strike Fighter:
Action Needed to Improve Reliability and Prepare for Modernization Efforts
GAO-19-341: Published: Apr. 29, 2019 Publicly Released: Apr. 29, 2019

Information Technology:
Effective Practices Have Improved Agencies' FITARA Implementation
GAO-19-131: Published: Apr. 29, 2019 Publicly Released: Apr. 29, 2019

GASB

GASB Establishes New Guidance to Assist Stakeholders With the Implementation and Application of Various Pronouncements  [05/02/19]
Media Advisory 
Implementation Guide No. 2019-1

GASB Outlook E-Newsletter Spring 2019  [05/02/19]
Newsletter

IASB

03 May 2019
IASB proposes targeted amendments to IFRS Standards in response to IBOR reform

30 April 2019
IFRS Foundation consults on proposed amendments to its Due Process Handbook

24 April 2019
Capital Markets Advisory Committee meeting summary available

IRS

For Small Business Week: Backup withholding rate now 24 percent, bonuses 22 percent; workers urged to do a Paycheck Checkup
IR-2019-88, May 6, 2019 — The Internal Revenue Service today reminded small businesses that recent tax reform legislation lowered the backup withholding tax rate to 24 percent and the withholding rate that usually applies to bonuses and other supplemental wages to 22 percent. The agency also urged employers to encourage their employees to check their withholding using the IRS Withholding Calculator.

IRS promotes disaster readiness and Hurricane Preparedness Week
IR-2019-87, May 3, 2019 — Disasters can happen at any time, and the Internal Revenue Service is encouraging taxpayers to be prepared for the unexpected.

IRS seeks nominations for Internal Revenue Service Advisory Council through June 10
IR-2019-86, May 2, 2019 — The IRS is now accepting applications for the Internal Revenue Service Advisory Council (IRSAC).

IRS urges data security, paying estimated taxes; highlights tax benefits, online resources during Small Business Week
IR-2019-85, May 2, 2019 — In support of National Small Business Week, May 5-11, the Internal Revenue Service is emphasizing the many IRS online resources available to help small business owners and self-employed individuals handle the tax aspects of their business.

IRS expands retirement plan Determination Letter Program and Self- Correction Program
IR-2019-84, May 1, 2019 — The IRS today announced the expansion of areas for issuing determination letters for certain retirement plans.

IRS accepting applications for 2020 grants for low income taxpayer clinics
IR-2019-83, May 1, 2019 — The IRS today announced that the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2020 will run from May 1, 2019, to June 17, 2019.

NYS Dept. of Taxation and Finance

Claims of More Than $5 Million in Bogus Earnings from Fictitious Company Lead to Woman’s Arrest
May 1, 2019

Governor Cuomo Calls on Department of Financial Services and Department of Taxation and Finance to Investigate Tax Return Preparers' Alleged Tactics to Reduce Access to Free Tax Filing Options
May 1, 2019

SEC

SEC Charges Sapphire Glass Manufacturer and Former CEO With Fraud
Washington D.C., May 3, 2019 —The Securities and Exchange Commission today charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for Apple’s iPhones. The company, GT Advanced Technologies Inc., also is found to have misclassified more than $300 million in debt to Apple that resulted from its repeated failures to meet performance milestones. 

SEC Proposes to Improve Disclosures Relating to Acquisitions and Dispositions of Businesses
Washington D.C., May 3, 2019 —The Securities and Exchange Commission voted to propose rule amendments to improve the information that investors receive regarding the acquisition and disposition of businesses.  The proposed amendments are also intended to facilitate more timely access to capital and to reduce complexity and compliance costs of these financial disclosures.

SEC’s Office of the Advocate for Small Business Capital Formation to Host Roundtable to Kick Off National Small Business Week
Washington D.C., April 30, 2019 —The Securities and Exchange Commission today announced that its Office of the Advocate for Small Business Capital Formation will host a roundtable on May 6 to hear from small businesses and their investors.  The roundtable will celebrate the kickoff of National Small Business Week, which is May 5-11.

SEC Announces Fraud Charges in Ticket Resale Investment Scam
Washington D.C., April 29, 2019 —The Securities and Exchange Commission today charged a New York City man with continuing a previously charged scheme, stealing millions of dollars from investors who were allegedly falsely promised their funds would be used for the purchase and resale of tickets to Broadway shows and a sporting event.