AICPA 

Press Release
Staffing Remains Top Concern for CPA Firms, AICPA Survey Finds
Staffing remains the top concern for CPA firms, but growing tax complexity and privacy/security risks are rising challenges, new AICPA research shows.
June 13, 2019

Press Release
AICPA and CPA Practice Advisor Announce 2019 Most Powerful Women in Accounting Awards
The AICPA honored 25 leaders with the 2019 Most Powerful Women in Accounting Awards.
June 12, 2019

Press Release
Elizabeth Pittelkow Kittner Receives the 2019 AICPA Outstanding Young CPA Award
AICPA names Elizabeth Pittelkow Kittner as it's 2019 Outstanding Young CPA Award recipient, which honors the legacy of Maximo Mukelabai.
June 12, 2019

Press Release
Stuart Kessler Receives AICPA’s PFP Lifetime Achievement Award
Stuart Kessler, CPA/PFS, has received the AICPA's Stanley H. Breitbard Lifetime Achievement in Personal Financial Planning Award. This is only the third lifetime achievement award in personal financial planning ever given by the AICPA.
June 11, 2019

Press Release
AICPA Honors Susan Tillery with the Personal Financial Planning Distinguished Service Award
AICPA is pleased to announce that Susan Tillery, CPA/PFS has received the AICPA’s 2019 Personal Financial Planning (PFP) Distinguished Service Award.
June 11, 2019

Press Release
AICPA Honors P. Thomas Austin with Sidney Kess Award for Excellence in Continuing Education
P. Thomas Austin, CPA is the recipient of the AICPA's Sidney Kess Award for Excellence in Continuing Education.
June 11, 2019

Press Release
AICPA 'Standing Ovation' Honors Top Young CPAs in Information Management and Technology Assurance
Five CPAs were honored with the IMTA Standing Ovation, a program that recognizes accomplished young professionals who hold credentials in technology assurance and information management.
June 11, 2019

CBO

Presentation
Damage From Hurricane Winds and Storm-Related Flooding: Expected Costs and Implications for Federal Spending
June 17, 2019
Presentation by Terry Dinan (from CBO's Microeconomic Studies Division) at a Congressional Research Service seminar.

Cost Estimate
H.R. 2083, Homeland Procurement Reform Act
June 14, 2019
As passed by the House of Representatives on June 10, 2019

Cost Estimate
Rules Committee Print 116-18
June 13, 2019
As posted on the website of the House Committee on Rules on June 10, 2019

Cost Estimate
S. 1340, Ebola Eradication Act of 2019
June 13, 2019
As reported by the Senate Committee on Foreign Relations on June 3, 2019

Cost Estimate
S. 1025, Venezuela Emergency Relief, Democracy Assistance, and Development Act of 2019
June 11, 2019
As reported by the Senate Committee on Foreign Relations on June 3, 2019

Blog Post
Leading CBO
June 11, 2019
CBO Director Phillip L. Swagel's remarks at the Peterson Foundation’s 2019 Fiscal Summit in Washington, D.C.

Cost Estimate
H.R. 1654, Federal Register Modernization Act
June 10, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

Cost Estimate
S. 1333, Stopping Improper Payments to Deceased People Act
June 10, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

Cost Estimate
H.R. 3151, Taxpayer First Act
June 10, 2019
As posted on the House Rules Committee website on June 7, 2019

FASB

FASB Appoints Three New Members to Emerging Issues Task Force  [06/12/19]
Media Advisory

Remarks of FASB Member Susan M. Cosper at the Private Company Council Town Hall, AICPA ENGAGE Conference, Las Vegas, NV  [06/11/19]
Speech

GAO

Data Protection:
Federal Agencies Need to Strengthen Online Identity Verification Processes
GAO-19-288: Published: May 17, 2019. Publicly Released: Jun 14, 2019.

Federal Retirement:
OPM Actions Needed to Improve Application Processing Times
GAO-19-217: Published: May 15, 2019. Publicly Released: Jun 14, 2019.

Army Corps of Engineers:
Process for Selecting Section 219 Projects for Funding Could Be Strengthened
GAO-19-487: Published: Jun 13, 2019. Publicly Released: Jun 13, 2019.

Tobacco Taxes:
Market Shifts toward Lower-Taxed Products Continue to Reduce Federal Revenue
GAO-19-467: Published: Jun 13, 2019. Publicly Released: Jun 13, 2019.

VA Real Property:
Improvements in Facility Planning Needed to Ensure VA Meets Changes in Veterans' Needs and Expectations
GAO-19-440: Published: Jun 13, 2019. Publicly Released: Jun 13, 2019.

Climate Resilience:
DOD Needs to Assess Risk and Provide Guidance on Use of Climate Projections in Installation Master Plans and Facilities Designs
GAO-19-453: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

Commercial Aviation:
Information on Airline IT Outages
GAO-19-514: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

DOD Health Care:
Improvements Needed for Tracking Coordination of Specialty Care Referrals for TRICARE Prime Beneficiaries
GAO-19-488: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

Emergency Management:
FEMA Has Made Progress, but Challenges and Future Risks Highlight Imperative for Further Improvements
GAO-19-594T: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

KC-46 Tanker Modernization:
Aircraft Delivery Has Begun, but Deficiencies Could Affect Operations and Will Take Time to Correct
GAO-19-480: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

Sexual Harassment in STEM Research:
Preliminary Observations on Policies for University Grantees and Information Sharing among Selected Agencies
GAO-19-583T: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

Small Business Administration Contracting Programs:
Additional Efforts Needed to Implement GAO Recommendations
GAO-19-623T: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

VA Health Care:
Estimating Resources Needed to Provide Community Care
GAO-19-478: Published: Jun 12, 2019. Publicly Released: Jun 12, 2019.

Climate Change:
Opportunities to Reduce Federal Fiscal Exposure
GAO-19-625T: Published: Jun 11, 2019. Publicly Released: Jun 11, 2019.

Consumer Privacy:
Changes to Legal Framework Needed to Address Gaps
GAO-19-621T: Published: Jun 11, 2019. Publicly Released: Jun 11, 2019.

Federal Protective Service's Organizational Placement:
Considerations for Transition to the DHS Management Directorate
GAO-19-605T: Published: Jun 11, 2019. Publicly Released: Jun 11, 2019.

Information Technology:
Agencies Need to Develop Modernization Plans for Critical Legacy Systems
GAO-19-471: Published: Jun 11, 2019. Publicly Released: Jun 11, 2019.

GASB

GASB Proposes Guidance on Public-Private and Public-Public Partnership Arrangements  [06/13/19]
Media Advisory
Exposure Draft

IASB

12 June 2019
June 2019 IFRS Taxonomy Consultative Group meeting papers available

IRS 

IRS and Treasury issue guidance related to global intangible low-taxed income (GILTI)
IR-2019-114, June 14, 2019 — The Treasury Department and the Internal Revenue Service issued final and proposed regulations today concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner, and the treatment of income of a controlled foreign corporation subject to a high rate of foreign tax under section 951A.

IRS wants to hear from large corporate taxpayers interested in applying for the Compliance Assurance Process
IR-2019-113, June 14, 2019 — The IRS is asking publicly-traded corporate taxpayers interested in applying to the Compliance Assurance Process (CAP) in 2020 to provide a statement of interest.

IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now
IR-2019-112, June 14, 2019 — The IRS encourages taxpayers to look at their tax withholding now to take charge of their tax situation and avoid a surprise at tax time next year.

IRS reminds taxpayers to adjust tax withholding to pay the right tax amount
IR-2019-111, June 13, 2019 — With this year’s average tax refund around $2,700, the Internal Revenue Service reminds taxpayers they have options to control the amount of their take-home pay and the size of their tax refund by adjusting their tax withholding.

IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes
IR-2019-110, June 12, 2019 — Following the biggest set of tax law changes in more than 30 years, the Internal Revenue Service continues to remind taxpayers to do a Paycheck Checkup to help make sure they are having the right amount of tax withheld.

Final regulations on charitable contributions and state and local tax credits
IR-2019-109, June 11, 2019 — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return.

IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year
IR-2019-108, June 11, 2019 — The Internal Revenue Service today urged taxpayers to review their 2019 tax withholding using the IRS Withholding Calculator and make any changes with their employer as soon as possible.

IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019
IR-2019-107, June 10, 2019 — The Internal Revenue Service today launched a special week-long campaign encouraging taxpayers to do a Paycheck Checkup now to make sure they are having the right amount of tax taken out of their paychecks for 2019.

NYS Dept. of Taxation and Finance 

Queens business owner admits to stealing sales tax collected from customers
June 14, 2019​

Sales Tax Filers: Convenient Online Resources Available for Efficient, Error-Free Filing
June 10, 2019

PCAOB

Andres G. Vinelli, Chief Economist, Standards and Risk Assessment, to Leave the PCAOB 

SEC 

KPMG Paying $50 Million Penalty for Illicit Use of PCAOB Data and Cheating on Training Exams
Washington D.C., June 17, 2019 — The Securities and Exchange Commission today charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB).  The SEC’s order also finds that numerous KPMG audit professionals cheated on internal training exams by improperly sharing answers and manipulating test results.

Industrial and Commercial Bank of China Affiliate to Pay More Than $42 Million for Improper Handling of ADRs
Washington D.C., June 14, 2019 —The Securities and Exchange Commission today announced that Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, will pay more than $42 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs).  The settlement marks the largest recovery against a broker in the SEC’s ongoing investigation of ADR practices, which thus far has resulted in settlements with 10 financial institutions exceeding $414 million

SEC Announces 2019 Government-Business Forum to Be Held in Omaha
Washington D.C., June 12, 2019 —The Securities and Exchange Commission today announced that it will host the 38th annual Government-Business Forum on August 14, 2019, in Omaha, Nebraska.  The Forum provides a platform to highlight perceived impediments to capital formation, culminating in recommendations for government and private action to improve the environment for small businesses.  The Forum will be hosted in partnership with the Heider College of Business at Creighton University.

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
Washington D.C., June 10, 2019 —The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and nine bogus regulators.