AICPA

AICPA and 11 Additional Organizations Support Bill That Protects Public Service on State Licensing Boards
The American Institute of CPAs (AICPA) and 11 additional organizations today sent a letter (attached) to Jamie Raskin (D-MD), Michael Conaway (R-TX) and David Cicilline (D-RI) in support of the Occupational Licensing Board Antitrust Damages Relief Act of 2020.
October 23, 2020

CBO

Report
Estimating the Cost of One-Sided Bets: How CBO Analyzes the Effects of Spending Triggers
October 30, 2020
When analyzing proposals and programs whose costs depend on whether or not some uncertain variable reaches a specified trigger level, CBO considers a range of possible outcomes and their associated probabilities.

Cost Estimate
H.R. 4299, Data Preservation Act of 2020
October 30, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
H.R. 4351, Yes in My Backyard Act
October 30, 2020
As passed by the House of Representatives on March 2, 2020

Cost Estimate
H.R. 5040, AIR Safety Act of 2020
October 30, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
H.R. 542, Supporting Research and Development for First Responders Act
October 30, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 22, 2020

Cost Estimate
H.R. 6636, National Oceanic and Atmospheric Administration Sexual Harassment and Assault Prevention Improvements Act of 2020
October 30, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
H.R. 2477, Beneficiary Enrollment Notification and Eligibility Simplification Act of 2020
October 29, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

Cost Estimate
H.R. 4727, Department of Homeland Security Mentor-Protégé Program
October 29, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 22, 2020

Cost Estimate
H.R. 5541, Tribal Power Act
October 29, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

Cost Estimate
H.R. 5668, Making Objective Drug Evidence Revisions for New Labeling Act of 2020
October 29, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

Presentation
Information Sources for Policymakers: Congressional Budget Office 101
October 29, 2020
Presentation by Lara Robillard, an analyst in CBO’s Budget Analysis Division, at the Academy Health 2020 Health Policy Orientation.

Cost Estimate
S. 1730, a bill to direct the Administrator of the National Oceanic and Atmospheric Administration to make grants to State and local governments and nongovernmental organizations for purposes of carrying out climate-resilient living shoreline projects tha
October 29, 2020
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 22, 2020

Cost Estimate
H.R. 1426, Timely Review of Infrastructure Act
October 27, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

Cost Estimate
S. 3152, Data Mapping to Save Moms' Lives Act
October 27, 2020
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 22, 2020

Cost Estimate
S. 3958, Expedited Delivery of Airport Infrastructure Act of 2020
October 27, 2020
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 22, 2020

Cost Estimate
S. 629, Accountability in Department of Veterans Affairs Scheduling and Consult Management Act
October 27, 2020
As reported by the Senate Committee on Veterans’ Affairs on September 15, 2020

Cost Estimate
H.R. 2589, Unifying DHS Intelligence Components Act
October 26, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 11, 2020

Cost Estimate
H.R. 3361, RIVER Act
October 26, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

FASB

FASB Issues Accounting Standards Update 2020-10, Codification Improvements  [10/29/20]
ASU 2020-10

GAO

Telecommunications:
FCC Should Enhance Performance Goals and Measures for Its Program to Support Broadband Service in High-Cost Areas
GAO-21-24: Published: Oct 1, 2020. Publicly Released: Oct 30, 2020.

Retirement Security:
Other Countries' Experiences with Caregiver Policies
GAO-20-623: Published: Sep 30, 2020. Publicly Released: Oct 30, 2020.

Small Business Loans:
SBA Generally Incorporated Key Elements for Estimating Subsidy Cost of 7(a) Program
GAO-20-618: Published: Sep 30, 2020. Publicly Released: Oct 30, 2020.

Navy Maintenance:
Navy Report Did Not Fully Address Causes of Delays or Results-Oriented Elements
GAO-21-66: Published: Oct 29, 2020. Publicly Released: Oct 29, 2020.

Nuclear Safety:
DOE and the Safety Board Should Collaborate to Develop a Written Agreement to Enhance Oversight
GAO-21-141: Published: Oct 29, 2020. Publicly Released: Oct 29, 2020.

Puerto Rico:
Perspectives on the Potential to Expand Air Cargo Operations
GAO-21-21: Published: Oct 29, 2020. Publicly Released: Oct 29, 2020.

TSA Acquisitions:
TSA Needs to Establish Metrics and Evaluate Third Party Testing Outcomes for Screening Technologies
GAO-21-50: Published: Oct 29, 2020. Publicly Released: Oct 29, 2020.

Forced Labor Imports:
DHS Increased Resources and Enforcement Efforts, but Needs to Improve Workforce Planning and Monitoring
GAO-21-106: Published: Oct 27, 2020. Publicly Released: Oct 27, 2020.

Anesthesia Services:
Differences between Private and Medicare Payments Likely Due to Providers’ Strong Negotiating Position
GAO-21-41: Published: Oct. 26, 2020 Publicly Released: Oct. 26, 2020

Intellectual Property:
CBP Has Taken Steps to Combat Counterfeit Goods in Small Packages but Could Streamline Enforcement
GAO-20-692: Published: Sep. 24, 2020 Publicly Released: Oct. 26, 2020

IASB

30 October 2020
October 2020 IASB Update available and work plan updated

30 October 2020
October 2020 Trustees and DPOC meeting summary available

30 October 2020
Join the IFRS Foundation—IASB Technical Staff

29 October 2020
Trustees to host webinar and moderated Q&A on sustainability consultation

29 October 2020
The IFRS Foundation proposes changes to the IFRS Taxonomy 2020 to support high-quality tagging of primary financial statements

28 October 2020
Applying IFRS Standards in 2020—impact of covid-19

27 October 2020
IFRS Foundation student visit dates for 2021 now available

IRS

IRS: People with foreign accounts reminded of the extension to file 2019 FBAR by Oct. 31, Dec. 31 if impacted by certain natural disaster
IR-2020-247, October 28, 2020 — The Internal Revenue Service reminds U.S. citizens, entities and resident aliens with a foreign bank or financial account that they have until October 31, 2020, to file their 2019 Report of Foreign Bank and Financial Accounts (FBAR).

Circular 230, Publication 947 available in Spanish for tax pros for the first time
IR-2020-246, October 27, 2020 — As part of an ongoing initiative to provide information and assistance to underserved communities more effectively, the Internal Revenue Service announced today that it is making two key publications designed for tax professionals available in Spanish.

IRS provides tax inflation adjustments for tax year 2021
IR-2020-245, October 26, 2020 — The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 provides details about these annual adjustments.

Income ranges for determining IRA eligibility change for 2021
IR-2020-244, October 26, 2020 — The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in Notice 2020-79, posted today on IRS.gov.

IRS reminds businesses to e-file payroll tax returns
IR-2020-243, October 26, 2020 — The next quarterly payroll tax return due date is October 31, and the Internal Revenue Service urges business owners to use the speed and convenience of filing the returns electronically. Deposits made by Monday, November 2, however, would still be considered timely as October 31 is a Saturday.

NYS

Department of Financial Services Calls for Nominations of Members of the State Insurance Advisory Board
November 2, 2020

DFS Superintendent Linda A. Lacewell Announces Settlement with Principal Life Insurance Company for Annuity Replacement Violations
October 30, 2020

Governor Cuomo Announces Start of NY State of Health 2021 Open Enrollment Period
October 29 2020

Superintendent Lacewell Announces DFS Expands Efforts to Ensure Financial Services Industry Manages Financial Risks from Climate Change
October 29 2020​

DFS And DOH Announce Members of Health Care Simplification Workgroup to Reduce Health Care Administrative Costs
October 27 2020​

PCAOB

PCAOB Issues Interim Analysis Report on Initial Impact of Critical Audit Matter Requirements
(October 29)

SEC

SEC Issues Agenda for Nov. 5 Special Meeting of the Asset Management Advisory Committee
2020-272, Oct. 29, 2020 — The Securities and Exchange Commission today released the agenda for the Nov. 5, 2020, special meeting of the Asset Management Advisory Committee (AMAC).  AMAC was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations.

Raquel Fox, Director of the Office of International Affairs, to Depart SEC
2020-271, Oct. 29, 2020 —The Securities and Exchange Commission today announced that Raquel Fox, Director of the Office of International Affairs, will leave the agency in November.

SEC Awards Over $10 Million to Whistleblower
2020-270, Oct. 29, 2020 — The Securities and Exchange Commission today announced an award of over $10 million to a whistleblower whose information prompted the opening of an investigation and provided substantial, ongoing assistance to SEC staff throughout the investigation. In more than a dozen communications with the staff, the whistleblower provided key evidence, helped decipher communications, and distilled complex issues.

SEC Adopts Modernized Regulatory Framework for Derivatives Use by Registered Funds and Business Development Companies
2020-269, Oct. 28, 2020 — The Securities and Exchange Commission today voted to enhance the regulatory framework for derivatives use by registered investment companies, including mutual funds (other than money market funds), exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. The new rule and rule amendments will provide a modernized, comprehensive approach to the regulation of these funds’ derivatives use that addresses investor protection concerns and reflects developments over the past decades. The Commission is committed to designing regulatory programs that reflect the ever-broadening product innovation and investor choice available in today’s asset management industry, while also taking into account the risks associated with funds’ increasingly complex portfolio composition and operations.

Division of Corporation Finance Director Bill Hinman Announces Intention to Conclude His Tenure Later This Year

2020-268, Oct. 27, 2020 —The Securities and Exchange Commission today announced that William H. Hinman, Director of the SEC’s Division of Corporation Finance, plans to leave the SEC later this year.