Regulatory Roundup: March 21-27
AICPA
AICPA Announces Appointment of Bob Dohrer as Chief Auditor, Lauds Retiring Professional Standards Vice President Chuck Landes
Press Release: AICPA has announced that Robert “Bob” Dohrer, CPA, will join the Institute as chief auditor he will succeed Charles “Chuck” Landes, CPA.
Published on March 27, 2018
AICPA and CPA Practice Advisor to Present ‘Most Powerful Women in Accounting’ Awards
Press Release: The AICPA is joining forces with CPA Practice Advisor to present the Most Powerful Women in Accounting awards.
Published on March 26, 2018
CBO
Cost Estimate
S. 2296, GOOD Act
March 26, 2018
Cost Estimate
S. 1668, a bill to rename a waterway in the State of New York as the “Joseph Sanford Jr. Channel”
March 23, 2018
Cost Estimate
H.R. 1660, Global Health Innovation Act of 2017
March 23, 2018
Cost Estimate
H.R. 4609, West Fork Fire Station Act of 2017
March 22, 2018
Cost Estimate
Rules Committee Print 115-66, the Consolidated Appropriations Act, 2018
March 22, 2018
Cost Estimate
S. 1181, Good Samaritan Search and Recovery Act
March 21, 2018
Cost Estimate
S. 1160, Abraham Lincoln National Heritage Area Amendment Act
March 21, 2018
Cost Estimate
S. 1602, Finger Lakes National Heritage Area Study Act
March 21, 2018
Cost Estimate
H.R. 1415, End Neglected Tropical Diseases Act
March 21, 2018
FASB
Financial Accounting Standards Advisory Council [03/26/18]
March 20, 2018 Meeting Recap
Not-for-Profit Advisory Committee [03/22/18]
March 12-13, 2018 Meeting Recap
GAO
Defense Infrastructure:
Action Needed to Increase the Reliability of Construction Cost Estimates
GAO-18-101:Published: Mar 27, 2018. Publicly Released: Mar 27, 2018.
Border Security:
Actions Needed to Strengthen Performance Management and Planning for Expansion of DHS's Visa Security Program
GAO-18-314:Published: Mar 20, 2018. Publicly Released: Mar 27, 2018.
Comparative Effectiveness Research:
Activities Funded by the Patient-Centered Outcomes Research Trust Fund
GAO-18-311:Published: Mar 23, 2018. Publicly Released: Mar 23, 2018.
Science, Technology, Engineering, and Mathematics Education:
Actions Needed to Better Assess the Federal Investment
GAO-18-290:Published: Mar 23, 2018. Publicly Released: Mar 23, 2018.
Federal Real Property:
Agencies Make Some Use of Telework in Space Planning but Need Additional Guidance
GAO-18-319:Published: Mar 22, 2018. Publicly Released: Mar 22, 2018.
Financial Technology:
Additional Steps by Regulators Could Better Protect Consumers and Aid Regulatory Oversight
GAO-18-254:Published: Mar 22, 2018. Publicly Released: Mar 22, 2018.
National Mediation Board:
Progress Made on GAO Recommendations, but Actions Needed to Address Management Challenges
GAO-18-301:Published: Mar 22, 2018. Publicly Released: Mar 22, 2018.
VA Disability Benefits:
Improved Planning Practices Would Better Ensure Successful Appeals Reform
GAO-18-352:Published: Mar 22, 2018. Publicly Released: Mar 22, 2018.
Afghan and Iraqi Special Immigrants:
More Information on Their Resettlement Outcomes Would Be Beneficial
GAO-18-107:Published: Feb 20, 2018. Publicly Released: Mar 22, 2018.
Climate-Related Risks:
SEC Has Taken Steps to Clarify Disclosure Requirements
GAO-18-188:Published: Feb 20, 2018. Publicly Released: Mar 22, 2018.
Rental Assistance Demonstration:
HUD Needs to Take Action to Improve Metrics and Ongoing Oversight
GAO-18-123:Published: Feb 20, 2018. Publicly Released: Mar 22, 2018.
IASB
27 March 2018
International Accounting Standards Board seeks comments on proposed amendments to IAS 8
27 March 2018
IASB and IFRS Foundation chairmen urge constituents to respond to European Commission consultation
26 March 2018
IASB to issue Conceptual Framework for Financial Reporting
23 March 2018
March 2018 IASB Update published and work plan updated
23 March 2018
March 2018 IFRIC Update published
21 March 2018
February 2018 IFRS Advisory Council meeting summary and podcast available
21 March 2018
March 2018 ASAF meeting—agenda papers available
IRS
Low income taxpayer clinics represented 19,479 taxpayers dealing with an IRS tax controversy; See the latest program report and LITC contact list
IR-2018-75, March 27, 2018 — The IRS’s Low Income Taxpayer Clinic (LITC) Program Office has issued its annual program report.
IRS seeks applications for the Electronic Tax Administration Advisory Committee
IR-2018-74, March 27, 2018 — The IRS is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC).
IRS encourages ‘Paycheck Checkup’ for taxpayers to check their withholding; special week focuses on changes
IR-2018-73, March 26, 2018 — Launching a special week of activities, the IRS today continued its effort to encourage taxpayers to do a “paycheck checkup” to make sure they have the right amount of tax taken out of their paychecks for their personal situation.
IRS offers tax tips year around, also available in Spanish
IR-2018-72, March 23, 2018 — More than 720,000 people get plain-language IRS tax tips sent to their email inbox through a free subscription service available on IRS.gov.
IRS reminds taxpayers to report virtual currency transactions
IR-2018-71, March 23, 2018 — The IRS today reminded taxpayers that income from virtual currency transactions is reportable on their income tax returns.
Tax Time Guide: Request online extension, get 6 more months to file
IR-2018-70, March 22, 2018 — The IRS reminds taxpayers who may have trouble meeting the April 17 tax filing deadline that Free File provides an easy, online option to get more time.
Tax filing deadline postponed until June 29 for victims of Hurricane Maria in Puerto Rico and the Virgin Islands
IR-2018-69, March 22, 2018 –– The IRS is reminding victims of Hurricane Maria in the U.S. Virgin Islands and in the Commonwealth of Puerto Rico that filing and payment activities have been further postponed beyond Jan. 31, 2018.
Summit partners warn tax pros to be on alert; step up security measures
IR-2018-68, March 22, 2018 — The IRS, state tax agencies and the tax industry warned tax professionals to be alert to taxpayer data theft in the final weeks of the tax filing season.
Taxpayer Advocacy Panel Members Selected for 2018
IR-2018-67, March 21, 2018 — The IRS recommended and the Department of the Treasury has approved the selection of 25 new members to serve on the nationwide Taxpayer Advocacy Panel.
IRS wraps up ‘Dirty Dozen’ list of tax scams for 2018; Encourages taxpayers to remain vigilant
IR-2018-66, March 21, 2018 — The IRS today concluded its annual "Dirty Dozen" list of tax scams with a warning to taxpayers to remain vigilant about these aggressive and evolving schemes throughout the year.
NYS Dept. of Taxation and Finance
Buffalo Tax Preparer Charged with Filing Fraudulent Tax Returns
E-file for Free from Your Smartphone or Tablet
March 22, 2018
Create an Online Services Account to Ease Tax Tasks and Enhance Communication with the New York State Tax Department
March 21, 2018
SEC
SEC Stops Ponzi-Schemer Targeting Retail Investors and Obtains Preliminary Injunction and Asset Freeze
Washington D.C., March 23, 2018 —The Securities and Exchange Commission today announced charges and a preliminary injunction and asset freeze against Niket Shah, a New Jersey resident who stole more than $250,000 in a Ponzi scheme in which his friends and coworkers invested.
TIGTA