AICPA

Press Release

Tom Hood, CPA, CITP, CGMA to Join Association of International Certified Professional Accountants as Executive Vice President, Business Growth and Engagement

In addition the Association has acquired the Business Learning Institute, which will enhance the Association’s offerings to corporate employers in upskilling and reskilling their employees

February 1, 2021

Press Release

AICPA Now Accepting Applicants to George Willie Scholarship Program

AICPA is now accepting applications to the 2021 George Willie Ethnically Diverse Student Scholarship and Internship Program

February 1, 2021

Press Release

Leading Accounting Association Releases Six 2021 ESG Trends for Accounting and Finance Professionals

Leading Accounting Association Releases Six 2021 ESG Trends for Accounting and Finance Professionals

January 29, 2021

Press Release

Most Americans Believe ID Theft Likely to Cause Them Financial Loss in the Next Year: AICPA Survey

New data from the AICPA discovers that most Americans believe they are likely to be victims of ID theft in the next year. Don't wait, learn how to protect your information.

January 28, 2021

Press Release

Tax Planning Opportunities Under Biden Administration Webcast

AICPA is offering a Tax Planning Webcast this Thursday, January 28th from 1-3pm EST covering the latest ideas, tips and tools to minimize tax liabilities amidst Democrats taking control of Congress.

January 27, 2021

CBO

Blog Post

CBO to Issue New Economic Projections on February 1

January 29, 2021

CBO will release An Overview of the Economic Outlook: 2021 to 2031 at 11 a.m. on Monday, February 1. The report will include a brief description of CBO’s latest 10-year economic projections.

Report

CBO Explains Budgetary Scorekeeping Guidelines

January 28, 2021

CBO explains some of the guidelines it follows when providing information to the Congress about the budgetary effects of proposed legislation.

Report

The National Average Wage Index in 2020

January 27, 2021

In this letter, CBO responds to a question about the national average wage index, which is used in the calculation of Social Security benefits.

FASB

FASB Simplifies How Private Company Franchisors Evaluate Certain Performance Obligations  [01/28/21]
Media Advisory
ASU 2021-02

FASB Names New Members to Its Investor Advisory Committee  [01/26/21]
Media Advisory

GAO

Federal Real Property:

Additional Documentation of Decision Making Could Improve Transparency of New Disposal Process

GAO-21-233: Published: Jan 29, 2021. Publicly Released: Jan 29, 2021
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Small Business Innovation Research:

Three Agencies Made Awards to Businesses Majority-Owned by Investment Companies and Funds

GAO-21-223R: Published: Jan 29, 2021. Publicly Released: Jan 29, 2021.
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COVID-19:

Critical Vaccine Distribution, Supply Chain, Program Integrity, and Other Challenges Require Focused Federal Attention

GAO-21-265: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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Cyber Diplomacy:

State Should Use Data and Evidence to Justify Its Proposal for a New Bureau of Cyberspace Security and Emerging Technologies

GAO-21-266R: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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Macroprudential Oversight:

Principles for Evaluating Policies to Assess and Mitigate Risks to Financial System Stability

GAO-21-230SP: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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Telecommunications:

FCC Has Implemented the Lifeline National Verifier but Should Improve Consumer Awareness and Experience

GAO-21-235: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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Unmanned Aircraft Systems:

FAA Could Strengthen Its Implementation of a Drone Traffic Management System by Improving Communication and Measuring Performance

GAO-21-165:Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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U.S. Ports of Entry:

Update on CBP Public-Private Partnership Programs

GAO-21-234R: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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Afghanistan Reconstruction:

GAO Work since 2002 Shows Systemic Internal Control Weaknesses that Increased the Risk of Waste, Fraud, and Abuse

GAO-21-32R: Published: Jan 27, 2021. Publicly Released: Jan 27, 2021.
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Military Spouse Employment:

DOD Should Continue Assessing State Licensing Practices and Increase Awareness of Resources

GAO-21-193: Published: Jan 27, 2021. Publicly Released: Jan 27, 2021.
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Higher Education:

IRS and Education Could Better Address Risks Associated with Some For-Profit College Conversions

GAO-21-89: Published: Dec 31, 2020. Publicly Released: Jan 27,2021.

News Release

IASB

29 January 2021

Presentation: IFRS Standards and academic research opportunities

29 January 2021

January 2021 IASB podcast available now

29 January 2021

January 2021 IASB Update available, work plan updated and meeting papers for the February supplementary IASB meeting posted

28 January 2021

IASB to hold supplementary meeting in February on covid-19-related rent concessions

28 January 2021

28 January 2021

IASB proposes new IFRS Standard to give investors a more complete picture of the financial performance of rate-regulated companies

26 January 2021

Join the IFRS Foundation—Technical Leadership Team Member

IRS
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New law increases deduction limit for corporate cash contributions for disaster relief; IRS provides recordkeeping relief

IR-2021-27, January 29, 2021 — The Internal Revenue Service today explained how corporations may qualify for the new 100% limit for disaster relief contributions and offered a temporary waiver of the recordkeeping requirement for corporations otherwise qualifying for the increased limit.

IRS updates FAQs on paid sick leave credit and family leave credit 

IR-2021-26, January 29, 2021 — The Internal Revenue Service today posted updated FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA).

EITC Awareness Day: Critical tax credit provides a significant refund boost to millions

IR-2021-25, January 29, 2021 — The Internal Revenue Service and partners across the nation remind taxpayers about the Earned Income Tax Credit today on “EITC Awareness Day” 2021.

IRS offers guidance to taxpayers on identity theft involving unemployment benefits

IR-2021-24, January 28, 2021 — The Internal Revenue Service today urged taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form.

Important reminders before filing 2020 tax returns

IR-2021-23, January 27, 2021 — Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who are about to file their 2020 federal tax returns.

IRS creates new Chief Taxpayer Experience Officer position; Ken Corbin to lead new focus to improve service to taxpayers

IR-2021-22, January 26, 2021 — As part of a larger effort related to the Taxpayer First Act, the IRS announced today the creation of a new Chief Taxpayer Experience Officer position to help unify and expand efforts across the agency to serve taxpayers.

New law extends COVID tax credit for employers who keep workers on payroll

IR-2021-21, January 26, 2021 — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.

New IRS "Submit Forms 2848 and 8821 Online" offers contact-free signature options for tax pros and clients sending authorization forms

NYS

Governor Cuomo Reminds New Yorkers they are not Responsible for Paying PPE Charges from In-Network Health Care Providers
January 29, 2021

Don’t Get Scammed: Tips to Secure Your Private Information
January 28, 2021

E-File Your Tax Return for Free Today

DFS Superintendent Lacewell Announces AIG to Pay $12 Million to NY for Unlicensed Pension Risk Transfer Business
January 26, 2021

SEC
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Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and Crenshaw Regarding Recent Market Volatility

Jan. 29, 2021 — The Commission is closely monitoring and evaluating the extreme price volatility of certain stocks’ trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week’s extraordinary trading volumes. Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidenc

SEC Charges Vuuzle Media Corp. and Affiliated Individuals in Connection With $14 Million Offering Fraud

2021-18, Jan. 27, 2021 — The Securities and Exchange Commission today charged Vuuzle Media Corporation, a purported online live streaming and entertainment company, and its founder Ronald Shane Flynn (a.k.a. Ronnie Shane) with fraudulently offering over $14 million in securities to investors across the United States using an aggressive boiler room sales scheme.

Manisha Kimmel to Conclude Tenure as Senior Policy Advisor to the Chair on the Consolidated Audit Trail
2021-17, Jan. 26, 2021 — The Securities and Exchange Commission today announced that Manisha Kimmel will conclude her tenure as Senior Policy Advisor, Regulatory Reporting, at the end of this month.
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TIGTA

Review of the Internal Revenue Service’s Purchase Card Violations Report and the Status of Recommendations
January 27, 2021​