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Regulatory Roundup: Oct. 14-20

AICPA

CIMA recognizes changemakers in accounting and finance at ENGAGE 25 UK & Ireland Awards
Oct 15, 2025


CBO

Report
A Qualitative Analysis of the Effects of the Government Shutdown on the Economy as of October 17, 2025
October 17, 2025
In response to a request from Chairman Jodey Arrington, CBO provides a qualitative analysis of the effects of the government shutdown on federal employment, real GDP, the labor market, business activity and income, and tourism.

Cost Estimate
H.R. 3613, Streamlining Foreign Military Sales Act of 2025
October 17, 2025
As ordered reported by the House Committee on Foreign Affairs on July 22, 2025

Cost Estimate
H.R. 1736, Generative AI Terrorism Risk Assessment Act
October 16, 2025
As ordered reported by the House Committee on Homeland Security on September 3, 2025

Cost Estimate
H.R. 5181, SOAR Act Improvements Act of 2025
October 16, 2025
As ordered reported by the House Committee on Oversight and Government Reform on September 10, 2025

Cost Estimate
S. 688, FISH Act of 2025
October 15, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025

Cost Estimate
S. 911, Chief Herbert D. Proffitt Act of 2025
October 14, 2025

As passed by the Senate on July 29, 2025

FASB

Private Company Council Meeting Recap—September 25-26, 2025

October 13, 2025

GAO

National Nuclear Security Administration:
Agency Should Improve Cost Growth Notification Process
GAO-25-107767

Published: Sep 30, 2025 . Publicly Released: Sep 30, 2025 .

Veterans Health Care:
Better Communication Needed to Integrate Management of Medical Facility and Community-Based Care
GAO-25-107212
Published: Sep 2, 2025 . Publicly Released: Sep 30, 2025 .

Veterans who face challenges accessing timely care at Veterans Health Administration facilities have been increasingly referred to community providers. In 2022, in order to provide seamless access to care, VHA created an office to better coordinate between VHA facilities and community providers. Later, VA reorganized the office to further address the challenges. But it didn’t clearly communicate changes in priorities and roles to the VHA...

Intellectual Property:
Patent Office Should Strengthen Its Efforts to Address Persistent Examination and Quality Challenges [Reissued with revisions on Sep. 30, 2025]
GAO-25-107218
Published: Apr 30, 2025 . Publicly Released: Sep 30, 2025 .
The American spirit of innovation drives inventors to develop new technologies. Patents help them protect their inventions. But patent examiners say they aren't given enough training, resources, or time to thoroughly review patent applications—especially for complicated new technology. The U.S. Patent and Trademark Office has tried new ways to support patent examiners, but there's more to do. For example, the agency doesn't track if its...

Sexual Harassment:
Actions Needed to Ensure Consistent Agency Policies for Research Institutions
GAO-25-107750
Published: Sep 30, 2025 . Publicly Released: Sep 30, 2025 .
Sexual harassment can drive talented people out of STEM jobs—hurting the U.S. workforce and innovation. Federal agencies fund STEM research at institutions such as universities but don’t have consistent policies to handle harassment complaints about researchers they fund. To address this, Congress told the Office of Science and Technology Policy to develop stronger policies and told the National Science Foundation to expand research. Both the...

Government Performance Management:
Implementing GAO's Recommendations Would Help OMB Address Crosscutting Challenges
GAO-25-108008
Published: Sep 30, 2025 . Publicly Released: Sep 30, 2025 .

The Government Performance and Results Act Modernization Act of 2010 aimed to improve the performance of the federal government. For example, the Office of Management and Budget must coordinate with agencies to develop 4-year goals to address challenges facing the government. Since 2011, we’ve made 114 recommendations to help implement this law. For example, we recommended OMB enhance reporting on the goals. OMB and agencies...

Extreme Heat:
Limited FEMA Assistance Highlights Need for Reevaluation of Agency’s Role
GAO-25-107474
Published: Sep 30, 2025 . Publicly Released: Sep 30, 2025 .

Extreme heat is the leading weather-related cause of death in the United States. A 2024 study found that the total number of heat-related deaths recorded in the U.S. had more than doubled between 1999 and 2023. As of August 2025, FEMA was evaluating whether to end or revise a grant program that states used for projects related to extreme heat. FEMA hasn't assessed how this...

IASB

October 2025 International Accounting Standards Board agenda and meeting papers now available
17 Oct 2025
 
September 2025 IFRS for SMEs Accounting Standard Update now available in Spanish
16 Oct 2025
 
IFRS Foundation publishes IFRS for SMEs Educational Module 12—Fair Value Measurement

13 Oct 2025

IRS

IRS reminds taxpayers who filed for extensions of the Oct. 15 deadline

IR-2025-104, Oct. 14, 2025 — The Internal Revenue Service today reminds individuals who filed extensions for tax year 2024 that their tax returns are due tomorrow. Further, the agency reminds taxpayers that the current lapse in appropriations does not affect the tax filing and payment responsibilities of taxpayers.

PCAOB

PCAOB Publishes New Edition of Data Points on Financial Restatements and Auditor Turnover
Oct. 15, 2025