AICPA 

Press Release
Olivia Kirtley Honored by AICPA for Efforts to Advance Women in the Accounting Profession
Olivia Kirtley, former chair of the AICPA and president of the International Federation of Accountants, has been named the first recipient of the ASWCPA Lifetime Achievement Award.
November 7, 2019

Press Release
AICPA Recognizes Outstanding Contributors to Forensic and Valuation Services
The AICPA recognized 17 individuals for their contributions to Forensic and Valuation Services accounting during the 2019 FVS Conference in Las Vegas.
November 5, 2019

CBO

Cost Estimate
H.R. 2227, Gold Star Spouses and Spouses of Injured Servicemembers Leasing Relief Expansion Act of 2019
November 8, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 29, 2019

Cost Estimate
H.R. 3224, Deborah Sampson Act
November 8, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 29, 2019

Cost Estimate
H.R. 4162, GI Bill Planning Act of 2019
November 8, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 16, 2019

Cost Estimate
H.R. 4852, G.I. and Veterans Education Empowerment Act
November 8, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 29, 2019

Blog Post
CBO Releases an Interactive Tool and Related Computer Code for Analyzing the Effects of Federal Minimum-Wage Increases
November 7, 2019
This tool demonstrates the effects of policies that would increase the federal minimum wage. Users can also create custom policy options to examine how different approaches to changing the minimum wage would affect earnings, employment, family income, and poverty.

Cost Estimate
H.R. 1424, Fallen Warrior Battlefield Cross Memorial Act
November 7, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 29, 2019

Cost Estimate
H.R. 1446, Multinational Species Conservation Funds Semipostal Stamp Reauthorization Act of 2019
November 7, 2019
As ordered reported by the House Committee on Natural Resources on September 18, 2019

Cost Estimate
H.R. 3996, VA Design-Build Construction Enhancement Act of 2019
November 7, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 29, 2019

Cost Estimate
H.R. 4360, VA Overpayment Accountability Act
November 7, 2019
As ordered reported by the House Committee on Veterans’ Affairs
on October 29, 2019

Cost Estimate
H.R. 4407, SCORE for Small Business Act of 2019
November 7, 2019
As passed the House of Representatives on October 21, 2019

Cost Estimate
H.R. 4625, Protect the GI Bill Act
November 7, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 16, 2019

Cost Estimate
H.R. 4719, FISH SAFE Act
November 7, 2019
As ordered reported by the House Committee on Transportation and Infrastructure on October 29, 2019

Cost Estimate
H.R. 4771, VA Tele-Hearing Modernization Act
November 7, 2019
As ordered reported by the House Committee on Veterans’ Affairs on October 29, 2019

Interactive
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income
November 7, 2019
This interactive tool allows users to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.

Report
Monthly Budget Review: Summary for Fiscal Year 2019
November 7, 2019
In fiscal year 2019, the budget deficit totaled $984 billion—$205
billion more than the shortfall recorded in 2018. Measured as a share of GDP, the deficit increased to 4.6 percent in 2019, up from 3.8 percent in 2018 and 3.5 percent in 2017.

Cost Estimate
S. 607, Timely Review of Infrastructure Act
November 7, 2019
As reported by the Senate Committee on Energy and Natural Resources on October 22, 2019

Cost Estimate
H.R. 1709, Scientific Integrity Act
November 6, 2019
As ordered reported by the House Committee on Science, Space, and Technology on October 17, 2019

Cost Estimate
H.R. 4320, Corporate Management Accountability Act of 2019
November 6, 2019
As ordered reported by the House Committee on Financial Services on September 20, 2019

Cost Estimate
H.R. 4091, ARPA-E Reauthorization Act of 2019
November 5, 2019
As ordered reported by the House Committee on Science, Space, and Technology on October 17, 2019

Cost Estimate
H.R. 1123, Divisional Realignment for the Eastern District of Arkansas Act of 2019
November 4, 2019
As passed by the House of Representatives on October 22, 2019

Cost Estimate
H.R. 3713, a bill to amend title 28, United States Code, to provide an additional place for holding court for the Western District of Washington, and for other purposes
November 4, 2019
As ordered reported by the House Committee on the Judiciary on October 16, 2019

Cost Estimate
H.R. 4863, United States Export Finance Agency Act of 2019
November 4, 2019
Direct Spending and Revenue Effects of H.R. 4863

FASB

FASB Appoints New Member to Emerging Issues Task Force  [11/06/19]
Media Advisory

GAO 

Data Act:
Quality of Data Submissions Has Improved but Further Action Is Needed to Disclose Known Data Limitations
GAO-20-75:Published: Nov 8, 2019. Publicly Released: Nov 8, 2019.

Financial Audit:
Bureau of the Fiscal Service's FY 2019 and FY 2018 Schedules of Federal Debt
GAO-20-117:Published: Nov 8, 2019. Publicly Released: Nov 8, 2019.

Financial Audit:
IRS's FY 2019 and FY 2018 Financial Statements
GAO-20-159:Published: Nov 8, 2019. Publicly Released: Nov 8, 2019.

Financial Audit:
Office of Financial Stability (Troubled Asset Relief Program) FY 2019 and FY 2018 Financial Statements
GAO-20-160R: Published: Nov 8, 2019. Publicly Released: Nov 8, 2019.

Agreed-Upon Procedures:
FY 2019 Excise Tax Distributions to the Airport and Airway and Highway Trust Funds
GAO-20-138R:Published: Nov 7, 2019. Publicly Released: Nov 7, 2019.

Antidumping and Countervailing Duties:
Information on Actions by Commerce and CBP to Address Reported Weaknesses in Duty Collection Processes
GAO-20-50R:Published: Nov 7, 2019. Publicly Released: Nov 7, 2019.

Nuclear Weapons Sustainment:
Improvements Made to Budget Estimates in Fiscal Year 2019 Joint Report, but Opportunities Remain to Enhance Completeness
GAO-20-37R:Published: Nov 7, 2019. Publicly Released: Nov 7, 2019.

Children's Health Insurance Program:
Efforts to Measure and Address Potential Substitution for Private Health Insurance
GAO-20-12:Published: Oct 11, 2019. Publicly Released: Nov 6, 2019.

IASB

08 November 2019
November IASB meeting papers and agenda available

07 November 2019
Summary of NY meeting of the Trustees and stakeholder event article now available

07 November 2019
IFRS Foundation appoints three new Trustees

06 November 2019
Capital Markets Advisory Committee October meeting summary published

05 November 2019
Speech: IASB Chair delivers keynote at Eumedion Annual Symposium, Netherlands

IRS 

Get Ready for Taxes: Important things to know about tax credits
IR-2019-181, November 7, 2019 - With the tax filing season quickly approaching, the Internal Revenue Service recommends taxpayers take time now to determine if they are eligible for important tax credits.

IRS provides tax inflation adjustments for tax year 2020
IR-2019-180, November 6, 2019 — The IRS today announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
IR-2019-179, November 6, 2019 — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year.

NYS Dept. of Taxation and Finance

Putnam County Tow Company Operator Faces Jail Time After Guilty Plea
November 08, 2019​

SEC

SEC Issues Agenda for Nov. 12 Meeting of Small Business Capital Formation Advisory Committee
2019-235, Nov. 6, 2019 — The Securities and Exchange Commission today released the agenda for the Tuesday, Nov. 12 meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules, regulations and policy matters relating to small businesses, from privately-held emerging companies to smaller public companies. Additional information on the committee, including its members, is available on the committee webpage.

SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community
2019-234, Nov. 6, 2019 —The Securities and Exchange Commission today filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as his family and friends.

SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2019
2019-233, Nov. 6, 2019 — The Securities and Exchange Commission’s Division of Enforcement today issued its annual report for fiscal year 2019. The report details the division’s efforts and initiatives on behalf of investors, highlights several significant actions, and presents the activities of the division from both a qualitative and quantitative perspective.

SEC Proposes Amendments to Modernize Shareholder Proposal Rule
2019-232., Nov. 5, 2019 —The Securities and Exchange Commission today voted to propose amendments to modernize the rule that governs the process for shareholder proposals to be included in a company’s proxy statement.

SEC Proposes Rule Amendments to Improve Accuracy and Transparency of Proxy Voting Advice
2019-231, Nov. 5, 2019 — The Securities and Exchange Commission today voted to propose amendments to its rules governing proxy solicitations to enhance the quality of the disclosure about material conflicts of interest that proxy voting advice businesses provide their clients. The proposal would also provide an opportunity for a period of review and feedback through which companies and other soliciting parties would be able to identify errors in the proxy voting advice.

SEC Proposes to Modernize the Advertising and Cash Solicitation Rules for Investment Advisers
2019-230, Nov. 4, 2019 — The Securities and Exchange Commission today announced that it has voted to propose amendments to modernize the rules under the Investment Advisers Act addressing investment adviser advertisements and payments to solicitors. The proposed amendments are intended to update these rules to reflect changes in technology, the expectations of investors seeking advisory services, and the evolution of industry practices.

SEC Announces Extension of Temporary Measure to Facilitate Cross-Border Implementation of the European Union's MiFID II's Research Provisions
2019-229, Nov. 4, 2019 — Today the staff of the U.S. Securities and Exchange Commission issued an extension of an Oct. 26, 2017 no-action letter it provided to assist market participants regarding their U.S.-regulated activities as they engage in efforts to comply with the provisions relating to research in the Markets in Financial Instruments Directive II (MiFID II) and related implementing rules and regulations.

SEC Chairman Clayton, PCAOB Chairman Duhnke, and Members of SEC Staff Meet With Auditing Firm Representatives to Discuss Audit Quality in Emerging Economies and Markets
2019-228, Nov. 4, 2019 —The Securities and Exchange Commission today announced that SEC Chairman Jay Clayton, Public Company Accounting Oversight Board (PCAOB) Chairman William Duhnke, and members of the SEC staff met last week with senior representatives of the four largest global network auditing firms to discuss the audit quality and certain of the challenges faced in auditing public company operations in emerging markets, including China, the largest emerging market economy. The discussions emphasized the need for effective and consistent global firm oversight of member firms, including those operating in emerging markets.  The discussions also focused on the design and implementation of audit procedures that are tailored to reflect changes in risk.

SEC Charges Issuer and CEO with Violating Whistleblower Protection Laws to Silence Investor Complaints
2019-227, Nov. 4, 2019 —The Securities and Exchange Commission today filed an amended complaint against online auction portal Collectors Café and its CEO Mykalai Kontilai to add allegations that they unlawfully sought to prohibit their investors from reporting misconduct to the SEC and other governmental agencies. The SEC previously charged Collectors Café and Kontilai with a fraudulent $23 million securities offering based on false statements to investors, and alleged that Kontilai misappropriated over $6 million of investor proceeds.