AICPA

Report

New Study Reveals Lack of Standardization in Sustainability Assurance

IFAC, AICPA & CIMA Global Benchmarking Study Highlights Significant Differences Across Jurisdictions

June 23, 2021

CBO

Blog Post

CBO to Release Its Updated Budget and Economic Projections on July 1

June 25, 2021

CBO will release An Update to the Budget and Economic Outlook: 2021 to 2031 at 2 p.m. on Thursday, July 1. The report will briefly describe CBO's latest 10-year budget and economic projections. Additional information about those projections will be released on July 21.

Cost Estimate

H.R. 438, a bill to amend the Alyce Spotted Bear and Walter Soboleff Commission on Native Children Act to extend the deadline for a report by the Alyce Spotted Bear and Walter Soboleff Commission on Native Children, and for other purposes

June 24, 2021

As ordered reported by the House Committee on Natural Resources on May 26, 2021

Presentation

Cost Estimates for Legislation That Would Affect Housing Assistance Programs

June 23, 2021

Presentation by Elizabeth Cove Delisle, an analyst in CBO's Budget Analysis Division, to the Council of Large Public Housing Authorities.

Cost Estimate

H.R. 302, PPSA Act of 2021

June 23, 2021

As ordered reported by the House Committee on Oversight and Reform on May 25, 2021

Report

The Congressional Budget Office’s Access to Data From Federal Agencies

June 23, 2021

The House Committee on Appropriations requested information about CBO's access to data from federal agencies, including data sources and data sets. This report provides that information.

Presentation

The Effect of Employer Matching and Defaults on Workers' TSP Savings Behavior

June 23, 2021

Presentation by Justin Falk and Nadia Karamcheva, analysts in CBO's Labor, Income Security, and Long-Term Analysis Division, to the Savings and Retirement Foundation.

Cost Estimate
H.R. 2694, Criminal Judicial Administration Act of 2021
June 22, 2021
As reported by the House Committee on the Judiciary on June 11, 2021

Cost Estimate
H.R. 704, ARTS Act
June 22, 2021
As ordered reported by the House Committee on the Judiciary on
April 20, 2021

Report
Providing Formal Cost Estimates Before Full Committee Markup
June 22, 2021
CBO assesses the potential costs of providing cost estimates for bills before markup by Congressional committees. Under any of the scenarios that CBO examined, the agency would require a substantial increase in resources and staffing.

Cost Estimate
S. 1662, Supporting the Foundation for the National Institutes of Health and the Reagan-Udall Foundation for the Food and Drug Administration Act
June 22, 2021
As ordered reported by the Senate Committee on Health, Education, Labor and Pensions on May 25, 2021

Cost Estimate
S. 169, ARTS Act
June 22, 2021
As ordered reported by the Senate Committee on the Judiciary on
April 29, 2021

FASB

FASB Stakeholders Invited to Share Their Views on Future Agenda Priorities  [06/24/21]
News Release
Invitation to Comment
FASB In Focus
Video
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GAO

Priority Open Recommendations

National Aeronautics and Space Administration

GAO-21-574PR

Published: Jun 21, 2021.

Publicly Released: Jun 28, 2021.

What GAO Found In April 2020, GAO identified 12 priority recommendations for the National Aeronautics and Space Administration (NASA).

Released on Jun. 24, 2021

Retirement Savings

Federal Workers' Portfolios Should Be Evaluated For Possible Financial Risks Related to Climate Change

GAO-21-327

Published: May 25, 2021.

Publicly Released: Jun 24, 2021.

What GAO Found Retirement plans' investments, including those of the Thrift Savings Plan (TSP) for federal employees, could be exposed to financial risks from climate change, according to GAO's literature review and interviews with stakeholders knowledgeable about climate change and financial markets....

Released on Jun. 23, 2021

Software Development

DOD Faces Risks and Challenges in Implementing Modern Approaches and Addressing Cybersecurity Practices

GAO-21-351

Published: Jun 23, 2021.

Publicly Released: Jun 23, 2021.

What GAO Found According to the Department of Defense's (DOD) fiscal year (FY) 2021 budget request, DOD spent $2.8 billion on the 29 selected major business information technology (IT) programs in FY 2019. The department also reported that it planned to invest over $9.

COVID-19

Federal Air Marshal Service Should Document Its Response to Cases and Facilitate Access to Testing

GAO-21-595

Published: Jun 23, 2021.

Publicly Released: Jun 23, 2021.

What GAO Found The U.S. Federal Air Marshal Service (FAMS), within the Department of Homeland Security (DHS), reported 345 cases of COVID-19 among employees, as of January 31, 2021.

Priority Open Recommendations
Department of the Treasury 
GAO-21-549PR
Published: Jun 16, 2021.
Publicly Released: Jun 23, 2021.
What GAO Found In April 2020, GAO identified 31 priority recommendations for the Department of the Treasury. 

Pipeline Safety
Performance Measures Needed to Assess Recent Changes to Hazardous Liquid Pipeline Safety Regulations 
GAO-21-493.

NYS

​Don’t Miss Out on Monthly Federal Payments Up to $300 Per Child
June 25, 2021​

SEC
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SEC Charges Amec Foster Wheeler Limited With FCPA Violations Related To Brazilian Bribery Scheme

2021-112, June 25, 2021 — The Securities and Exchange Commission today announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil. As part of coordinated resolutions with the SEC, the U.S. Department of Justice, the Brazil Controladoria-General da Uniᾶo (CGU)/Advocacia-Geral da Uniᾶo (AGU) and the Ministério Publico Federal (MPF), and the United Kingdom Serious Fraud Office (SFO), the company has agreed to pay more than $43 million related to this scheme, including more than $10.1 million to settle the SEC's charges.

Joint Readout of Principals Meeting of U.S. and UK Authorities Regarding Central Counterparty Resolution

2021-111, June 25, 2021 — Senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and the Bank of England convened a virtual meeting today to discuss certain issues relating to the concept of resolution of a central counterparty (CCP). This meeting was one of a regular series of senior-level meetings held since 2017 to share views on CCP resolution and review the progress of an ongoing program of joint work among the agencie

SEC Awards More Than $1 Million to Whistleblower

2021-110, June 24, 2021 — The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff.

New SEC Public Service Campaign: Investing Regularly Really Adds Up

2021-109, June 23, 2021 — The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today unveiled a public service campaign (PSC) to educate investors on the benefits of investing and encourage them to use the free financial planning tools and information on the SEC’s online resource − Investor.gov. More than 30 million users have accessed Investor.gov since it launched in October 2009. The SEC expanded its outreach program in 2016 to include PSCs to reach and educate more investors.

SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
2021-108, June 22, 2021 —The Securities and Exchange Commission today announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.