Regulatory Roundup: Jan. 17-23

Offshore Seismic Surveys:
Additional Guidance Needed to Help Ensure Timely Reviews
GAO-18-342T:Published: Jan 19, 2018. Publicly Released: Jan 19, 2018.

Homeland Defense:
Urgent Need for DOD and FAA to Address Risks and Improve Planning for Technology That Tracks Military Aircraft
GAO-18-177:Published: Jan 18, 2018. Publicly Released: Jan 18, 2018.

VA Health IT Modernization:
Historical Perspective on Prior Contracts and Update on Plans for New Initiative
GAO-18-208:Published: Jan 18, 2018. Publicly Released: Jan 18, 2018.

NASA Commercial Crew Program:
Continued Delays Pose Risks for Uninterrupted Access to the International Space Station
GAO-18-317T:Published: Jan 17, 2018. Publicly Released: Jan 17, 2018.

VA Construction:
Actions Taken to Improve Denver Medical Center and Other Large Projects' Cost Estimates and Schedules
GAO-18-329T:Published: Jan 17, 2018. Publicly Released: Jan 17, 2018.

Medicare Part B:
Medicare Represented at Least Half of the Market for 22 of the 84 Most Expensive Drugs in 2015
GAO-18-83:Published: Dec 18, 2017. Publicly Released: Jan 17, 2018.

Prescription Opioids:
Medicare Should Expand Oversight Efforts to Reduce the Risk of Harm
GAO-18-336T:Published: Jan 17, 2017. Publicly Released: Jan 17, 2018.

IASB

23 January 2018
Webinar: Business Combinations under Common Control—Scope of the project

23 January 2018
TRG for IFRS 17 Insurance Contracts—agenda papers for February 2018 meeting are available now

23 January 2018
Register for free investor education sessions in Hong Kong

22 January 2018
IASB Research Forum 2018—Call for papers

19 January 2018
Required IFRS Standards 2018—new books available

18 January 2018
January 2018 IFRIC Update published

18 January 2018
January 2018 IASB meeting—agenda papers available

18 January 2018
New IFRS 17 webcast: Level of aggregation

17 January 2018
The IFRS 17 accounting model in one page

IRS

IRS Issues Additional Guidance on Transition Tax on Foreign Earnings
IR-2018-09, Jan. 19, 2018 - The Treasury Department and the Internal Revenue Service (IRS) today provided additional guidance (Notice 2018-13) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.

IRS, States and Tax Industry Warn Employers to Beware of Form W-2 Scam; Tax Season Could Bring New Surge in Phishing Scheme
IR-2018-8, Jan. 17, 2018 – The Internal Revenue Service, state tax agencies and the tax industry today urged all employers to educate their payroll personnel about a Form W-2 phishing scam that made victims of hundreds of organizations and thousands of employees last year.

NYC Dept. of Finance

January 18, 2018
Adopted Rules to Waive the deposit fees for Cash Bail or a Partially Secured Bail Bond. (effective 2/17/18)

NYS Dept. of Taxation and Finance

Don’t Slow Your Employees’ Tax Refunds

State Department of Taxation and Finance Releases Report Outlining Options To Reform State Tax Law

PCAOB

Statement on DOJ Charges and SEC Enforcement Actions Against Former KPMG and PCAOB Personnel

SEC

Six Accountants Charged with Using Leaked Confidential PCAOB Data in Quest to Improve Inspection Results for KPMG
Washington D.C., Jan. 22, 2018 — The Securities and Exchange Commission today announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their participation in a scheme to misappropriate and use confidential information relating to the PCAOB's planned inspections of KPMG.

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