Regulatory Roundup: May 23-29
AICPA
AICPA Comments to IRS on Proposed Regulations for Valuing Inventories
CBO
Cost Estimate
S. 1520, Modernizing Recreational Fisheries Management Act of 2018
May 25, 2018
Cost Estimate
H.R. 5305, FDLP Modernization Act of 2018
May 25, 2018
Report
Answers to Questions for the Record Following a Hearing Conducted by the House Committee on the Budget on CBO Oversight: Organizational and Operational Structure
May 25, 2018
Cost Estimate
H.R. 5040, Export Control Reform Act of 2018
May 24, 2018
Cost Estimate
S. 2559, Marrakesh Treaty Implementation Act
May 24, 2018
Cost Estimate
H.R. 5433, Hack Your State Department Act
May 24, 2018
Report
An Analysis of the President’s 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Pension Benefit Guaranty Corporation—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Highway Trust Fund Accounts—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposal for Federal Programs That Guarantee Mortgages—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals Affecting Health Programs in Budget Function 550—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Federal Education Programs—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Agriculture—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Unemployment Compensation and Trade Adjustment Assistance for Workers—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for the Supplemental Nutrition Assistance Program—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Supplemental Security Income—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Pension Benefit Guaranty Corporation—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Highway Trust Fund Accounts—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposal for Federal Programs That Guarantee Mortgages—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Child Support Enforcement and Collections—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Data and Technical Information
Proposals for Unemployment Compensation and Trade Adjustment Assistance for Workers—CBO’s Estimate of the President’s Fiscal Year 2019 Budget
May 24, 2018
Presentation
Projections of Federal Spending on Major Health Care Programs
May 24, 2018
Cost Estimate
H.R. 5240, Enhancing Grid Security through Public-Private Partnerships Act
May 23, 2018
Cost Estimate
H.R. 5480, Women’s Entrepreneurship and Economic Empowerment Act of 2018
May 23, 2018
Cost Estimate
H.R. 4606, Ensuring Small Scale LNG Certainty and Access Act
May 23, 2018
Cost Estimate
H.R. 5681, Global Engagement Center Authorities Act of 2018
May 23, 2018
Cost Estimate
H.R. 50, Unfunded Mandates Information and Transparency Act of 2017
May 23, 2018
Report
Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2018 to 2028
May 23, 2018
FAF
From the President's Desk—Summer 2018 [05/23/18]
Column
FAF Issues 2017 Annual Report: Standards That Work [05/23/18]
Media Advisory
Annual Report
GAO
Interstate Pipeline Inspections:
Additional Planning Could Help DOT Determine Appropriate Level of State Participation
GAO-18-461:Published: May 29, 2018. Publicly Released: May 29, 2018.
Prescription Opioids:
Medicare Needs Better Information to Reduce the Risk of Harm to Beneficiaries
GAO-18-585T:Published: May 29, 2018. Publicly Released: May 29, 2018.
VA Health Care:
Progress Made Towards Improving Opioid Safety, but Further Efforts to Assess Progress and Reduce Risk Are Needed
GAO-18-380:Published: May 29, 2018. Publicly Released: May 29, 2018.
Emergency Communications:
Increased Regional Collaboration Could Enhance Capabilities
GAO-18-379:Published: Apr 26, 2018. Publicly Released: May 29, 2018.
Congressional Award Foundation:
Review of the Audit of the Financial Statements for Fiscal Year 2017
GAO-18-465R:Published: May 24, 2018. Publicly Released: May 24, 2018.
Defense Infrastructure:
DOD Needs to Improve the Accuracy of Its Excess Capacity Estimates
GAO-18-230:Published: May 24, 2018. Publicly Released: May 24, 2018.
DOD Major Automated Information Systems:
Adherence to Best Practices Is Needed to Better Manage and Oversee Business Programs
GAO-18-326:Published: May 24, 2018. Publicly Released: May 24, 2018.
Energy Storage:
Information on Challenges to Deployment for Electricity Grid Operations and Efforts to Address Them
GAO-18-402:Published: May 24, 2018. Publicly Released: May 24, 2018.
Infectious Disease Threats:
Funding and Performance of Key Preparedness and Capacity-Building Programs
GAO-18-362:Published: May 24, 2018. Publicly Released: May 24, 2018.
Mental Health:
Federal Procedures to Oversee Protection and Advocacy Programs Could Be Further Improved
GAO-18-450:Published: May 24, 2018. Publicly Released: May 24, 2018.
Small Unmanned Aircraft Systems:
FAA Should Improve Its Management of Safety Risks
GAO-18-110:Published: May 24, 2018. Publicly Released: May 24, 2018.
Warfighter Support:
An Assessment of DOD Documents Used in Previous Efforts to Rebalance to the Pacific
GAO-18-192:Published: May 24, 2018. Publicly Released: May 24, 2018.
Data Center Optimization:
Continued Agency Actions Needed to Meet Goals and Address Prior Recommendations
GAO-18-264:Published: May 23, 2018. Publicly Released: May 23, 2018.
Emergency Management:
Implementation of the Major Disaster Declaration Process for Federally Recognized Tribes
GAO-18-443:Published: May 23, 2018. Publicly Released: May 23, 2018.
Government Efficiency and Effectiveness:
Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits
GAO-18-571T:Published: May 23, 2018. Publicly Released: May 23, 2018.
Information Technology:
Continued Implementation of High-Risk Recommendations Is Needed to Better Manage Acquisitions Operations and Cybersecurity
GAO-18-566T:Published: May 23, 2018. Publicly Released: May 23, 2018.
IASB
29 May 2018
Webcast: Accounting Policy Changes (Proposed amendments to IAS 8)
25 May 2018
May 2018 IASB Update published and work plan updated
24 May 2018
Actualización sobre la Norma NIIF para las PYMES de marzo de 2018—traducción al español
IRS
IRS now billing those who filed but didn’t pay; Many payment options available
IR-2018-128, May 29, 2018 — The IRS today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe to the IRS.
Law change affects moving, mileage and travel expenses
IR-2018-127, May 25, 2018 – The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: move related vehicle expenses; un-reimbursed employee expenses; and, vehicle expensing.
New law gives individuals and businesses more time to challenge a wrongful IRS levy; newly-revised publication can help
IR-2018-126, May 25, 2018 — Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service.
IRS warns tax pros of new scam posing as professional associations
IR-2018-125, May 24, 2018 — The IRS and its state and industry Security Summit partners today warned tax practitioners to beware of phishing emails posing as state accounting and professional associations.
Two-income families, taxpayers working multiple jobs should check withholding amount
IR-2018-124, May 24, 2018 – The Internal Revenue Service urges two-income families and those who work multiple jobs to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from their paychecks.
IRS issues new Strategic Plan; five-year plan's goal to help taxpayers
IR-2018-123, May 23, 2018 –– The Internal Revenue Service today released a new five-year Strategic Plan outlining goals to improve taxpayer service and tax administration.
IRS issues notice on state and local tax deductions
IR-2018-122, May 23, 2018 — The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.
NYS Dept. of Taxation and Finance
Buffalo Tax Preparer Pleads Guilty a Second Time to Filing Fraudulent Tax Returns
More than 1,400 Cartons of Contraband Cigarettes Seized in Queens
PCAOB
Claudius Modesti, Director of Enforcement and Investigations, to Leave PCAOB
May 29, 2018
PCAOB Censures and Fines Deloitte $500,000 for Material Accounting Errors It Missed in 3 Consecutive Audits of Jack Henry
May 24, 2018
Information Technology Director Nirav Kapadia to Leave PCAOB
May 24, 2018
PCAOB Announces Agenda for June 5-6 Standing Advisory Group Meeting
May 24, 2018
SEC
SEC Proposes FAIR Act Rules to Promote Research Reports on Investment Funds
Washington D.C., May 23, 2018 — The Securities and Exchange Commission today proposed rules and amendments that would promote research on mutual funds, exchange‑traded funds, registered closed-end funds, business development companies, and similar covered investment funds.
Investing in America: SEC Commissioners are Heading to Atlanta to Interact with Investors
Washington D.C., May 23, 2018 — The Securities and Exchange Commission today announced that the five-member Commission and staff from across the agency will be in Atlanta on June 13 for an interactive event with investors at Georgia State University College of Law. The event is an opportunity for all Main Street investors—from those who just started their first job to those approaching retirement—to hear directly from, and share feedback with, the SEC’s leaders on topics that directly affect their personal finances and the regional and national economies.