AICPA
IRS Incorporates AICPA Recommendations in Strategic Operating Plan
Apr 11, 2023
CBO
Report
Budgetary Effects of Policies to Modify or Eliminate Medicaid’s Institutions for Mental Diseases Exclusion
April 13, 2023
CBO estimates the budgetary effects of options for expanding federal Medicaid payments to states for services provided to Medicaid enrollees ages 21 to 64 who are in inpatient facilities known as institutions for mental diseases.
Report
CBO’s Recent Publications and Work in Progress as of March 31, 2023
April 11, 2023
In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of April 17, 2023
April 11, 2023
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.
Cost Estimate
S. 794, CTPAT Pilot Program Act of 2023
April 11, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 29, 2023
Cost Estimate
S. 90, Informing Consumers About Smart Devices Act
April 11, 2023
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 22, 2023
Cost Estimate
S. 945, REPORT Act
April 11, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 29, 2023
Report
Monthly Budget Review: March 2023
April 10, 2023
The federal budget deficit was $1.1 trillion in the first half of fiscal year 2023, CBO estimates—$430 billion more than the shortfall recorded during the same period last year—and consistent with projections CBO released in February.
FASB
FASB Names Three New Members to Its Investor Advisory Committee
April 13, 2023
Fireside Chat with FASB Chair, Rich Jones and PwC Vice Chair, Wes Bricker
April 10, 2023
GAO
Human Trafficking:
Department of State Collaborates with Partner Governments on Child Protection Compacts but Should Strengthen Oversight
GAO-23-105390
Published:
Publicly Released:
The U.N. estimates a third of human trafficking victims worldwide are children. The State Department creates partnerships or "compacts" with selected countries, like Ghana and Peru, to combat child trafficking. The U.S. and partner countries meet annually to discuss steps taken to address child trafficking. But State hasn't set key discussion guidelines for the meetings or measurable goals to assess countries' progress. Nor has it...
Federal Trade Commission:
Actions Needed to Improve Education Efforts and Awareness of Complaint Process for Franchise Owners
GAO-23-105338
Published:
Publicly Released:
Franchising is when business owners pay a fee to use a larger business's brand name and business model. The Federal Trade Commission protects franchise owners from unfair and deceptive practices on the part of the larger business ("the franchisor"). For example, if a franchise owner is unable to open, and the franchisor promised a fee refund but doesn't give one, FTC may take legal action...
Disaster Contracting:
Action Needed to Improve Agencies' Use of Contracts for Wildfire Response and Recovery
GAO-23-105292
Published:
Publicly Released:
Wildfire season is getting longer, and the number of large fires is increasing—leaving more people and structures at risk. Several federal agencies share responsibility for leading wildfire response and recovery. These agencies often work with private sector contractors to obtain life-saving goods and services quickly. We looked at how three agencies contracted for goods and services for wildfire response. The agencies prioritized speed when ordering...
Electric Vehicle Infrastructure:
USPS Should Plan for Potential Workplace Charging
GAO-23-105781
Published:
Publicly Released:
The U.S. Postal Service (USPS) is preparing to introduce electric vehicles into its delivery fleet, and is planning to install chargers for these fleet vehicles at some facilities. USPS employees could also benefit from these chargers by being able to charge their personal vehicles during a work shift. However, USPS has not incorporated the potential for sharing its fleet chargers with employees—or installing additional chargers...
Fraud Risk Management:
Key Areas for Federal Agency and Congressional Action
GAO-23-106567
Published:
Publicly Released:
Fraud in federal programs costs the U.S. government billions of dollars and erodes public trust in government. For example, estimated fraud in Unemployment Insurance during the pandemic totaled over $60 billion. Our prior work shows that agencies can reduce the risk of fraud in federal programs by following our Fraud Risk Framework. Congress can also help reduce fraud risk across the government by: Requiring agencies...
School Meal Programs:
USDA Could Enhance Implementation of the Buy American Provision
GAO-23-105884
Published:
Publicly Released:
The Department of Agriculture's school meal programs feed about 30 million children every day. Participating school districts must buy domestic products for the meals as much as possible. USDA allows some exceptions to this rule based on availability, cost, and quality of domestic products. School districts mostly used exceptions to buy fruits that weren't grown domestically, such as bananas and pineapples. When school districts use...
National Guard Helicopters:
Additional Actions Needed to Prevent Accidents and Improve Safety
GAO-23-105219
Published:
Publicly Released:
The National Guard is comprised of Army and Air Force components. Both components fly helicopters to perform domestic and overseas missions. Together, they reported 298 accidents—mostly due to human errors—for certain helicopters during non-combat flights between FYs 2012-2021. We found that the Army and Air National Guard could improve how they promote safety. For example, safety officers have limited time to focus on safety issues—such...
Federal Spending:
Information on U.S. Funding to Entities Located in China
GAO-23-105538
Published:
Publicly Released:
U.S. agencies sometimes provide funding to recipients in foreign countries to advance U.S. interests. From 2017-2021, the U.S. provided at least $48 million to research institutions, companies, and other recipients located in China. For example, The Department of Health and Human Services funded a Chinese University to study diseases transmitted by insects, such as malaria. The State Department paid a company in China to obtain...
IASB
April 2023 supplementary IASB Update now available
Update
14 Apr 2023
April 2023 International Accounting Standards Board agenda and meeting papers now available
Meeting
14 Apr 2023
Members reappointed to IFRS Interpretations Committee
Appointment
13 Apr 2023
New Chair and member appointed to the Islamic Finance Consultative Group
Appointment
12 Apr 2023
IASB confirms temporary relief from deferred tax accounting following OECD Pillar Two tax reform
Meeting
11 Apr 2023
April 2023 International Sustainability Standards Board agenda and meeting papers now available
Meeting
11 Apr 2023
Q1 2023 IFRS Interpretations Committee podcast now available
Podcast
11 Apr 2023
Join the staff—Integration Client Success Manager, Investors
Careers
11 Apr 2023
Join the staff—Sustainability Standards Integration Manager
Careers
11 Apr 2023
IRS
Need more time to file taxes? It’s easy to get an extension with IRS Free File
IR-2023-84, April 17, 2023 — As the tax deadline draws near, the Internal Revenue Service reminds taxpayers who need more time to file that getting an extension is quick and easy. An extension gives taxpayers an automatic six more months – until Oct. 16 this year – to file their tax return.
Reminder: Proposed regulations related to the new clean vehicle critical mineral and battery components go into effect April 18
IR-2023-83, April 17, 2023 — The Internal Revenue Service published proposed regulations today in the Federal Register related to certain requirements that must be met for critical mineral and battery components for the new clean vehicle credit.
IRS releases fiscal year 2022 Data Book describing agency’s activities
IR-2023-82, April 14, 2023 —The IRS today issued its annual Data Book detailing the agency’s activities during fiscal year 2022 (Oct. 1, 2021 – Sept. 30, 2022), including revenue collected and tax returns processed.
IRS issues frequently asked questions on compensation payments made by states for forced sterilization
IR-2023-81, April 14, 2023 — The Internal Revenue Service today issued frequently asked questions (FAQs) to provide guidance for victims who have received state compensation payments for forced, involuntary, or coerced sterilization, in Fact Sheet FS-2023-11.
IRS reminds those with no filing requirement about IRS Free File; get overlooked tax credits and refunds
IR-2023-80, April 13, 2023 — The Internal Revenue Service today reminded low- to moderate-income taxpayers, especially those who don’t normally file a tax return, to consider IRS Free File to prepare their own federal tax return to potentially receive overlooked tax credits or refunds.
Time running out to claim $1.5 billion in refunds for tax year 2019, taxpayers face July 17 deadline
IR-2023-79, April 12, 2023 ― The IRS announced today that nearly 1.5 million people across the nation have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return.
IRS reminds taxpayers of April estimated tax payment deadline
IR-2023-78, April 12, 2023 — The Internal Revenue Service today reminded people that Tax Day, April 18, is also the deadline for first quarter estimated tax payments for tax year 2023.
IRS: Early filers who reported certain state tax refunds as taxable should consider filing amended returns
IR-2023-77, April 11, 2023 — The Internal Revenue Service said today that taxpayers who filed their federal income taxes early in this year’s filing season and reported certain state 2022 tax refunds as taxable income should consider filing an amended return.
IRS: Never mind the myths; find filing season facts at IRS.gov
IR-2023-76, April 11, 2023 — With the April 18 deadline quickly approaching, the Internal Revenue Service wants to debunk common myths with facts about filing taxes, finding refund information and adjusting withholding.
NYS
DFS Superintendent Adrienne A. Harris Announces Adoption of Virtual Currency Assessment Regulation
April 17, 2023
Superintendent Adrienne A. Harris Approves New Banking Development District Branch in the Bronx
April 13, 2023
One Week to File Your Tax Return! Find Out If You Qualify for Free File
April 11, 2023
PCAOB
2023 Inspections to Prioritize Audit Risks Related to Fraud, the Financial Services Sector, Crypto
Apr. 17, 2023
PCAOB Sanctions RT LLP for Violations of Rules and Standards Related to Quality Control, Documentation, and Form AP Requirements
Apr. 11, 2023
SEC
SEC Appoints Deborah J. Jeffrey as Inspector General
2023-79
Washington D.C., April 17, 2023 — The Securities and Exchange Commission today announced the appointment of Deborah J. Jeffrey as Inspector General, effective May 7, 2023. Ms. Jeffrey is currently the Inspector General of AmeriCorps.
SEC Charges Crypto Asset Trading Platform Bittrex and its Former CEO for Operating an Unregistered Exchange, Broker, and Clearing Agency
2023-78
Washington D.C., April 17, 2023 — The Securities and Exchange Commission today charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex, Inc.’s foreign affiliate, Bittrex Global GmbH, for failing to register as a national securities exchange in connection with its operation of a single shared order book along with Bittrex.
SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information
2023-77
Washington D.C., April 14, 2023 — The Securities and Exchange Commission today reopened the comment period and provided supplemental information on proposed amendments to the definition of “exchange” under Exchange Act Rule 3b-16. The Commission initially proposed the amendments in January 2022 and reopened the comment period in May 2022. The reopened comment period closed on June 13, 2022.
TIGTA
Annual Assessment of the IRS’s Information Technology Program for Fiscal Year 2022
Report Number 2023-20-006
April 6, 2023