Regulatory Roundup: February 25 - March 3
AICPA
Feb 26, 2025
Feb 26, 2025
CBO
As ordered reported by the House Committee on Education and Workforce on February 12, 2025
Fifty years ago today, CBO began its service to the Congress and the country. Much has changed since then, but the agency’s mission—to provide objective, nonpartisan information to support the Congressional budget process—remains the same.
As ordered reported by the House Committee on Ways and Means on February 12, 2025
FASB
February 25, 2025
GAO
The Department of Defense created the Defense Innovation Unit in 2015 to more rapidly adopt cutting-edge commercial tech for the military.
The Navy relies on contracts with private companies—the "industrial base"—to build and, in many cases, repair ships. These companies are critical to the Navy's plans to increase its fleet size and improve the fleet's readiness for missions.
DOD is developing technology for satellites to communicate via lasers. Laser communications could transmit data faster and more securely than traditional radio frequency communications.
EPA and DOE received billions through the Infrastructure Investment and Jobs Act and Inflation Reduction Act of 2022 for clean energy, climate resilience, infrastructure programs, and more.
We testified before the U.S. House Committee on Oversight and Government Reform on our updated High-Risk List issued in Feb. 2025.
The Department of Homeland Security spends billions on major acquisition programs—those costing at least $300 million—that develop and deliver technology to protect the United States. These include tools like the biometric facial recognition used at U.S. entry points.
We testified before the U.S. House Committee on Oversight and Government Reform on our updated High-Risk List issued in Feb. 2025. The List highlights 38 areas across the federal government that are seriously vulnerable to waste, fraud, abuse, and mismanagement or need transformation.
GASB
28 Feb 2025
IRS
IR-2025-28, Feb. 27, 2025 — The Internal Revenue Service announced today it’s making it easier for taxpayers to file their taxes by adding information return documents to their IRS Individual Online Account, helping consolidate important tax records into one digital location.
IR-2025-27, Feb. 27, 2025 — The Internal Revenue Service today reminded farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.
IR-2025-26, Feb. 27, 2025 — The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses and tax professionals to watch out for common schemes that threaten their tax and financial information.
IR-2025-24, Feb. 25, 2025 — Secretary of the Treasury Scott Bessent announced today that IRS Chief Operating Officer Melanie Krause will become acting IRS Commissioner following the retirement announcement of Doug O’Donnell.
February 26, 2025
PCAOB
Feb. 25, 2025
SEC
Washington D.C., Feb. 28, 2025 — The Securities and Exchange Commission today announced it will hold a roundtable discussion on Artificial Intelligence in the financial industry. The event takes place on March 27 from 9 a.m. to 4 p.m. at the SEC's headquarters in Washington, D.C. and is open to the public for either in-person or virtual attendance.
Washington D.C., Feb. 27, 2025 — The Securities and Exchange Commission today announced that the Commission has filed a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss the ongoing civil enforcement action against the two entities.
Washington D.C., Feb. 27, 2025 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting at the SEC Headquarters in Washington, D.C., on March 6, at 10 a.m. ET. The meeting will also be webcast on the SEC website.
Washington D.C., Feb. 26, 2025 — The Securities and Exchange Commission today charged Alan Burak, founder of Never Alone Capital LLC, with orchestrating a fraudulent scheme that raised approximately $4 million, most of which Burak misappropriated for personal expenses.
Washington D.C., Feb. 25, 2025 — The Securities and Exchange Commission today extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act by one year to Dec. 31, 2026, for eligible cash market transactions, and June 30, 2027, for eligible repo market transactions.