Regulatory Roundup: July 31-Aug. 5
CBO
Presentation
How CBO Develops the Economic Projections Underlying Its Long-Term Budget Projections
August 2, 2019
On Monday, August 5, Wendy Edelberg, an Associate Director for Economic Analysis at CBO, and Jeffrey Werling, Assistant Director of CBO's Macroeconomic Analysis Division, will give the following presentation to the Social Security and Medicare Trustees Working Group.
Working Paper
Inflation, Inflation Expectations, and the Phillips Curve: Working Paper 2019-0
August 2, 2019
This paper studies the current state of inflation dynamics using a Phillips curve model, assesses the degree of anchoring of inflation expectations, and analyzes the sensitivity of inflation to cyclical fluctuations of economic conditions.
Presentation
HISIM2—CBO’s New Health Insurance Simulation Model
July 31, 2019
Presentation by Geena Kim, an analyst in CBO’s Health, Retirement, and Long-Term Analysis Division, at the American Enterprise Institute.
FASB
FASB Proposes Improvements Related to Distinguishing Liabilities from Equity [07/31/19]
News Release
Exposure Document
FASB In Focus
Media Advisory
Exposure Document
GAO
Federal Housing Administration:
Opportunities Exist to Improve Defaulted Single-Family Loan Sales
GAO-19-228:Published: Jul 3, 2019. Publicly Released: Aug 2, 2019.
VA Nursing Home Care:
VA Has Opportunities to Enhance Its Oversight and Provide More Comprehensive Information on Its Website
GAO-19-428:Published: Jul 3, 2019. Publicly Released: Aug 2, 2019.
Intelligence Community:
Actions Needed to Improve Planning and Oversight of the Centers for Academic Excellence Program
GAO-19-529:Published: Aug 1, 2019. Publicly Released: Aug 1, 2019.
State Department:
Leadership Focus Needed to Guide Agency Reform Efforts
GAO-19-450:Published: Aug 1, 2019. Publicly Released: Aug 1, 2019.
Defense Logistics Agency:
Small Businesses Participate in Reverse Engineering of Spare Parts
GAO-19-586:Published: Jul 31, 2019. Publicly Released: Jul 31, 2019.
Foreign Assistance:
Federal Monitoring and Evaluation Guidelines Incorporate Most but Not All Leading Practices
GAO-19-466:Published: Jul 31, 2019. Publicly Released: Jul 31, 2019.
Medicare Physician Services:
Spending On and Use of Billing Codes for Comprehensive Care Planning Services
GAO-19-557:Published: Jul 31, 2019. Publicly Released: Jul 31, 2019.
Positive Train Control:
As Implementation Progresses, Focus Turns to the Complexities of Achieving System Interoperability
GAO-19-693T:Published: Jul 31, 2019. Publicly Released: Jul 31, 2019.
Human Capital:
Improving Federal Recruiting and Hiring Efforts
GAO-19-696T:Published: Jul 30, 2019. Publicly Released: Jul 30, 2019.
Medicare Plan Finder:
Usability Problems and Incomplete Information Create Challenges for Beneficiaries Comparing Coverage OptionsGAO-19-627:Published: Jul 26, 2019. Publicly Released: Jul 30, 2019.
IASB
01 August 2019
June 2019 Trustee and DPOC meeting summary available
01 August 2019
IFRS Taxonomy Consultative Group June meeting summary published
01 August 2019
IASB proposes amendments to IFRS Standards to improve accounting policy disclosures
31 July 2019
July IASB podcast published
31 July 2019
Issue 19 of the Investor Update published
IRS
IRS: Truckers should e-file highway use tax return by September 3
IR-2019-138, August 1, 2019 — The Internal Revenue Service today issued a reminder for owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2019.
Veteran IRS enforcement leaders selected to lead SB/SE, TE/GE; Hylton, Ripperda to serve as commissioners
IR-2019-137, July 31, 2019 — The IRS today announced the selection of Eric Hylton to lead the Small Business and Self-Employed (SB/SE) division and Tamera Ripperda to lead the Tax Exempt and Government Entities (TE/GE) division.
Tax Security 2.0 – A “Taxes-Security-Together” Checklist – Step 3
IR-2019-136, July 31, 2019 — The IRS, states and tax industry partners today warned tax professionals to beware of the continuing threat of phishing emails, which remain the most common tactic used by cybercriminals to steal sensitive data.
IRS, Treasury issue guidance on making or revoking the bonus depreciation elections
IR-2019-135, July 31, 2019 — The Internal Revenue Service today issued a Revenue Procedure allowing a taxpayer to make a late election, or to revoke an election, under section 168(k) for certain property acquired by the taxpayer after September 27, 2017, and placed in service by the taxpayer during its taxable year that includes September 28, 2017.
PCAOB
207 Students Named PCAOB Scholars for the 2019-2020 Academic Year
(August 1)
SEC
SEC Charges Brixmor Property Group Inc. and Former Senior Executives with Accounting Fraud
2019-143 Washington D.C., Aug. 1, 2019 — The Securities and Exchange Commission today charged Brixmor Property Group Inc., a publicly-traded real estate investment trust, and four former senior executives with fraud in connection with a scheme to manipulate a key non-GAAP metric relied on by analysts and investors to evaluate the company's financial performance.
TIGTA
Actions Have Not Been Taken to Improve Amended Tax Return Review Procedures to Reduce Erroneous and Fraudulent Refunds
July 31, 2019