AICPA 

Taxpayers Need Option to Direct Application of Section 965 Overpayments, AICPA Tells Treasury and IRS
Certain taxpayers suffer negative consequences from decisions by the Treasury and IRS, the AICPA said, and urged officials to reverse conclusions in FAQs and IRS Chief Counsel Memorandum.
September 17, 2018

CBO

Cost Estimate
S. 2823, Music Modernization Act
September 17, 2018

Cost Estimate
Conference Agreement for H.R. 6157, Department of Defense and Labor, Health and Human Services, and Education Appropriations Act, 2019 and Continuing Appropriations Act, 2019
September 14, 2018

Presentation
Baseline Budget Projections
September 14, 2018

Cost Estimate
H.R. 5556, Environmental Compliance Cost Transparency Act of 2018
September 13, 2018

Cost Estimate
H.R. 6330, Small Business Runway Extension Act of 2018
September 13, 2018

Report
Testimony on Transparency at CBO: An Update
September 13, 2018

Cost Estimate
H.R. 6106, Common Sense Permitting Act
September 12, 2018

Cost Estimate
H.R. 6316, Small Business Advocacy Improvements Act of 2018
September 12, 2018

Cost Estimate
S. 3021, America's Water Infrastructure Act of 2018
September 12, 2018

Cost Estimate
S. 2554, Patient Right to Know Drug Prices Act
September 12, 2018

Presentation
Comparing the Costs of Submarine Maintenance at Public and Private Shipyards
September 12, 2018

GAO

Immigration:
Progress and Challenges in the Management of Immigration Courts and Alternatives to Detention Program
GAO-18-701T:Published: Sep 18, 2018. Publicly Released: Sep 18, 2018.

Low-Income Housing Tax Credit:
Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management
GAO-18-637:Published: Sep 18, 2018. Publicly Released: Sep 18, 2018.

Private School Choice:
Requirements for Students and Donors Participating in State Tax Credit Scholarship Programs
GAO-18-679:Published: Sep 18, 2018. Publicly Released: Sep 18, 2018.

Cybersecurity:
Office of Federal Student Aid Should Take Additional Steps to Oversee Non-School Partners' Protection of Borrower Information
GAO-18-518:Published: Sep 17, 2018. Publicly Released: Sep 17, 2018.

Defense Health Care:
Expanded Use of Quality Measures Could Enhance Oversight of Provider Performance
GAO-18-574:Published: Sep 17, 2018. Publicly Released: Sep 17, 2018.

2020 Census:
Census Bureau Improved the Quality of Its Cost Estimation but Additional Steps Are Needed to Ensure Reliability
GAO-18-635:Published: Aug 17, 2018. Publicly Released: Sep 17, 2018.

Nuclear Nonproliferation:
The Administration's 2018 Plan for Verification and Monitoring Met Most Reporting Requirements but Did Not Include Future Costs and Funding Needs
GAO-18-617:Published: Sep 14, 2018. Publicly Released: Sep 14, 2018.

Federal Timber Sales:
Forest Service and BLM Should Review Their Regulations and Policies Related to Timber Export and Substitution
GAO-18-593:Published: Aug 15, 2018. Publicly Released: Sep 14, 2018.

Electronic Health Records:
Clear Definition of the Interagency Program Office's Role in VA's New Modernization Effort Would Strengthen Accountability
GAO-18-696T:Published: Sep 13, 2018. Publicly Released: Sep 13, 2018.

Indian Health Service:
Considerations Related to Providing Advance Appropriation Authority
GAO-18-652:Published: Sep 13, 2018. Publicly Released: Sep 13, 2018.

Positive Train Control:
Most Railroads Expect to Request an Extension, and Substantial Work Remains Beyond 2018
GAO-18-692T:Published: Sep 13, 2018. Publicly Released: Sep 13, 2018.

Federal Acquisitions:
Congress and the Executive Branch Have Taken Steps to Address Key Issues, but Challenges Endure
GAO-18-627:Published: Sep 12, 2018. Publicly Released: Sep 12, 2018.

IASB

17 September 2018
IFRS Foundation to publish IFRS Taxonomy 2018—Proposed Update 1 Common Practice (IFRS 13)

13 September 2018
IFRS Foundation releases IFRS Taxonomy formula linkbase 2018

12 September 2018
TRG for IFRS 17 Insurance Contracts—agenda papers for September 2018 meeting now available

11 September 2018
Webcast: Presentation of financial liabilities—FICE Discussion Paper

IRS 

IRS warns of scams related to natural disasters
IR-2018-188, Sept. 18, 2018 ― In the wake of Hurricane Florence, the IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters.

IRS extends upcoming deadlines, provides tax relief for victims of Hurricane Florence
IR-2018-187, Sept. 15, 2018 — Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.

IRS issues proposed regulations on global intangible low-taxed income for U.S. shareholders
IR-2018-186, Sept. 13, 2018 — The Internal Revenue Service issued proposed regulations today (LINK) concerning global intangible low-taxed income, and related sections of the Internal Revenue Code.

NYC Dept. of Finance 

September 13, 2018
Adopted Amendments to the rules governing the fee to be charged for accepting credit and debit cards.

NYS Dept. of Taxation and Finance

Sales Tax Returns Due September 20 for Monthly and Quarterly Filers

PCAOB

Board Statement on Passing of Former Chairman Mark W. Olson Sept. 14, 2018

PCAOB Enters into Cooperative Agreement with Austrian Audit Regulator Sept. 13, 2018

SEC

SeaWorld and Former CEO to Pay More Than $5 Million to Settle Fraud Charges
Washington D.C., Sept. 18, 2018 —The Securities and Exchange Commission today announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company’s reputation and business. SeaWorld’s former vice president of communications also agreed to settle a fraud charge for his role in misleading SeaWorld’s investors.

SEC and NYU to Host Sept. 21 Forum on High-Frequency Trading and Liquidity Resiliency
Washington D.C., Sept. 17, 2018 —The U.S. Securities and Exchange Commission's Division of Economic and Risk Analysis and Division of Trading and Markets are partnering with New York University's Salomon Center for the Study of Financial Institutions to bring together regulators, practitioners, and academics for a half-day symposium on Sept. 21 at the SEC headquarters in Washington, D.C. Panelists will discuss the impact of high-frequency trading and the resiliency of liquidity in securities markets.

Mark Wolfe Named Associate Director in Office of Derivatives Policy and Trading Practices
Washington D.C., Sept. 17, 2018 —The Securities and Exchange Commission today announced that Mark E. Wolfe has been named Associate Director of the Office of Derivatives Policy and Trading Practices in the agency’s Division of Trading and Markets.

SEC Charges Investment Advisers With Defrauding Retail Advisory Clients
Washington D.C., Sept. 14, 2018 —The Securities and Exchange Commission today charged an Indianapolis-based investment advisory firm and its sole owner with selling approximately $13 million of high-risk securities to more than 120 advisory clients – many of whom are current or former teachers or other workers in public education – without disclosing that the firm and its owner stood to receive commissions of up to 18 percent from the sales.

​Whistleblower Receives Award of Approximately $1.5 Million
Washington D.C., Sept. 14, 2018 —The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1.5 million.  The whistleblower provided the SEC with vital information and ongoing assistance that proved important to the overall success of an enforcement action.  However, the SEC’s order notes that the award was reduced because the whistleblower did not promptly report the misconduct and benefited financially during the delay.

SEC Charges Citigroup for Dark Pool Misrepresentations: Citigroup and Affiliate Ordered to Pay More Than $12 Million in Disgorgement and Penalties
Washington D.C., Sept. 14, 2018 —The Securities and Exchange Commission today entered an order finding that Citigroup Global Markets Inc. misled users of a dark pool operated by one of its affiliates.

SEC Monitoring Impact of Hurricane Florence on Capital Markets
Washington D.C., Sept. 13, 2018 —The Securities and Exchange Commission is closely monitoring the impact of Hurricane Florence on investors and capital markets. “The SEC is keeping a close eye on the progress of Hurricane Florence and any effects it may have on investors and capital markets. Dedicated staff stand ready to help ensure investors have access to their securities accounts, to evaluate the need to extend deadlines for filings and other regulatory requirements, and to keep a watchful eye for storm-related scams," said SEC Chairman Jay Clayton. “We encourage everyone in the path of the storm to stay safe by heeding the warnings of local officials.”

Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data
Washington D.C., Sept. 13, 2018 —The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as “blue sheet data.”

SEC Charges Hedge Fund Adviser With Short-and-Distort Scheme
Washington D.C., Sept. 12, 2018 —The Securities and Exchange Commission today charged a hedge fund adviser and his investment advisory firm with illegally profiting from a scheme to drive down the price of San Diego-based Ligand Pharmaceuticals Inc., reaping more than $1.3 million of gains for the adviser and the hedge fund.

SEC Uses Data Analysis to Detect Cherry-Picking By Broker
Washington D.C., Sept. 12, 2018 —The Securities and Exchange Commission today charged a New Jersey-based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts.  The SEC uncovered the alleged fraud with data analysis used to detect suspicious trading patterns.

United Technologies Charged With Violating FCPA
Washington D.C., Sept. 12, 2018 —The Securities and Exchange Commission today announced that Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by making illicit payments in its elevator and aircraft engine businesses
​
Elad Roisman Sworn In As SEC Commissioner
Washington D.C., Sept. 11, 2018 —Elad L. Roisman has been sworn into office as an SEC Commissioner by SEC Chairman Jay Clayton. Mr. Roisman was nominated to the SEC by President Donald J. Trump and his nomination was confirmed by the U.S. Senate on September 5. “It is my honor to welcome Elad back to the Commission,” said SEC Chairman Jay Clayton. “Elad’s broad experience and previous work at the Commission will serve Main Street investors and our markets well

TIGTA

Trends in Compliance Activities Through Fiscal Year 2017
Report Date: 09/13/2018
Audit Highlights: HTML
Audit Reports: PDF

Fiscal Year 2018 Statutory Review of Restrictions on Directly Contacting Taxpayers
Report Date: 09/13/2018
Audit Highlights: HTML
Audit Reports: PDF

Fiscal Year 2018 Review of Compliance With Legal Guidelines When Conducting Seizures of Taxpayers Property
Report Date: 09/12/2018
Audit Highlights: HTML
Audit Reports: PDF