AICPA 

AICPA Recommends Maximum Flexibility for Centralized Partnership Audit Regime Regulations 

CBO 

Cost Estimate
H.R. 5515, National Defense Authorization Act for Fiscal Year 2019
May 18, 2018

Cost Estimate
H.R. 5239, Cyber Sense Act of 2018
May 18, 2018

Cost Estimate
H.R. 5174, Energy Emergency Leadership Act
May 17, 2018

Cost Estimate
H.R. 1972, VA Billing Accountability Act
May 16, 2018

Presentation
An Overview of The Budget and Economic Outlook: 2018 to 2028
May 16, 2018

FASB

Registration Opens for June 15 FASB Webcast for Private Companies & Not-for-Profit Organizations  [05/21/18]
News Release
Course Description and Registration

Small Business Advisory Committee  [05/16/18]
May 10, 2018 Meeting Recap

GAO

Medicare:
CMS Should Take Actions to Continue Prior Authorization Efforts to Reduce Spending
GAO-18-341:Published: Apr 20, 2018. Publicly Released: May 21, 2018.

Railroad Retirement Board:
Additional Controls and Oversight of Financial Interchange Transfers Needed
GAO-18-323:Published: Apr 19, 2018. Publicly Released: May 21, 2018.

Farm Programs:
Information on Payments
GAO-18-34R:Published: May 18, 2018. Publicly Released: May 18, 2018.

Aviation Security:
TSA Uses Data to Monitor Airport Operations and Respond to Increases in Passenger Wait Times and Throughput
GAO-18-563T:Published: May 17, 2018. Publicly Released: May 17, 2018.

Compacts of Free Association:
Actions Needed to Prepare for the Transition of Micronesia and the Marshall Islands to Trust Fund Income
GAO-18-415:Published: May 17, 2018. Publicly Released: May 17, 2018.

Homeland Security Acquisitions:
Leveraging Programs' Results Could Further DHS's Progress to Improve Portfolio Management
GAO-18-339SP:Published: May 17, 2018. Publicly Released: May 17, 2018.

Illicit Opioids:
Office of National Drug Control Policy and Other Agencies Need to Better Assess Strategic Efforts
GAO-18-569T:Published: May 17, 2018. Publicly Released: May 17, 2018.

Rural Housing Service:
Better Data Controls, Planning, and Additional Options Could Help Preserve Affordable Rental Units
GAO-18-285:Published: May 17, 2018. Publicly Released: May 17, 2018.

Social Security Administration:
Observations on Use and Costs of Social Security Cards
GAO-18-507T:Published: May 17, 2018. Publicly Released: May 17, 2018.

GASB

GASB Issues New Implementation Guidance to Assist Stakeholders with Recent Pronouncements [05/21/18]
Media Advisory 

IASB

17 May 2018
Join the IFRS Foundation—Technology Principal required

IRS 

IRS accepting applications for 2019 Low Income Taxpayer Clinic grants
IR-2018-121, May 16, 2018 — The Internal Revenue Service today announced that the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2019 will run from May 16, 2018, to June 27, 2018.

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises
IR-2018-120, May 16, 2018 — The IRS encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” 

NYS Dept. of Taxation and Finance

Hundreds of Cartons of Contraband Cigarettes Seized on Staten Island

Tobacco Importer Pleads Guilty to Tax Fraud & Weapon Charge

PCAOB

Helen Munter, Director of Registration and Inspections, to Leave PCAOB after 14 Years of Service

SEC

SEC Charges Three Former Healthcare Executives With Fraud
Washington D.C., May 16, 2018 — The Securities and Exchange Commission today announced fraud charges against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in the course of negotiating the private firm’s acquisition of a majority stake in Constellation. Houston-based Constellation filed for bankruptcy in March, a little more than a year after the January 2017 acquisition.

SEC Charges Owner of Alternative Investment Firm in Belize Airport Financing Scam
Washington D.C., May 16, 2018 — The Securities and Exchange Commission today charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize. 

The SEC Has an Opportunity You Won’t Want to Miss: Act Now!
Washington D.C., May 16, 2018 — If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you. Check out the SEC’s Office of Investor Education and Advocacy’s mock initial coin offering (ICO) website that touts an all too good to be true investment opportunity. But please don’t expect the SEC to fly you anywhere exotic—because the offer isn’t real.The SEC set up a website, HoweyCoins.com, that mimics a bogus coin offering to educate investors about what to look for before they invest in a scam. Anyone who clicks on “Buy Coins Now” will be led instead to investor education tools and tips from the SEC and other financial regulators.

SEC Charges Brokerage Firms and AML Officer With Anti-Money Laundering Violations
Washington D.C., May 16, 2018 — The Securities and Exchange Commission today announced settled charges against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) for failing to report suspicious sales of billions of penny stock shares.