AICPA
MNCPA legislative proposal negatively impacts CPA mobility
March 19, 2023
AICPA Financial Reporting Executive Committee Taps Deloitte’s Mark Crowley as Chair
March 13, 2023
CBO
Report
CBO’s Projections of Federal Health Care Spending
March 17, 2023
In a letter to Senator Whitehouse, CBO gauges the accuracy of its projections of federal health care spending over time. In 2010, CBO overestimated mandatory spending for health care in its projections for the 2010–2020 period.
Cost Estimate
H.R. 813, Global Investment in American Jobs Act of 2023
March 17, 2023
As ordered reported by the House Committee on Energy and Commerce on March 9, 2023
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of March 20, 2023
March 17, 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. 559, Fire Grants and Safety Act
March 17, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 15, 2023
Cost Estimate
H.R. 1156, China Financial Threat Mitigation Act of 2023
March 16, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
Cost Estimate
H.R. 510, Chinese Currency Accountability Act of 2023
March 16, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
Cost Estimate
H.R. 752, Securing Semiconductor Supply Chains Act of 2023
March 16, 2023
As ordered reported by the House Committee on Energy and Commerce on March 9, 2023
Report
Testimony on the Congressional Budget Office’s Request for Appropriations for Fiscal Year 2024
March 15, 2023
CBO Director Phillip Swagel testifies before the Senate Appropriations Committee’s Subcommittee on the Legislative Branch.
Cost Estimate
H. Con. Res. 15, a concurrent resolution authorizing the use of the Capitol Grounds for the National Peace Officers Memorial Service and the National Honor Guard and Pipe Band Exhibition
March 14, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on February 28, 2023
Cost Estimate
S. 277, Pala Band of Mission Indians Land Transfer Act of 2023
March 14, 2023
As ordered reported by the Senate Committee on Indian Affairs on February 15, 2023
Report
Spending Reductions That Would Balance the Budget in 2033
March 14, 2023
CBO provides information about two budgetary paths specified by Chairman Whitehouse and Chairman Wyden that would eliminate the deficit through reductions in spending.
Report
Costs of the Proposed Income-Driven Repayment Plan for Student Loans
March 13, 2023
Implementing the Administration’s proposed rule for a new income-driven repayment plan would increase the government’s costs for federal student loans originated through 2033 by $230 billion, on a net-present-value basis, CBO estimates.
Cost Estimate
H.R. 406, ASEAN Act
March 13, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 5, Parents Bill of Rights Act
March 13, 2023
As ordered reported by the House Committee on Education and the Workforce on March 1, 2023
Cost Estimate
H.R. 540, Taiwan Non-Discrimination Act of 2023
March 13, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
Report
Legislation Enacted in the Second Session of the 117th Congress That Affects Mandatory Spending or Revenues
March 13, 2023
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2022 will add about $810 billion to deficits from 2022 to 2032—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.
Cost Estimate
S. 316, a bill to repeal the authorizations for use of military force against Iraq
March 13, 2023
As reported by the Senate Committee on Foreign Relations on March 8, 2023
FASB
FASB Seeks Public Comment on Proposed Enhancements to Income Tax Disclosures
March 15, 2023
GAO
Haiti:
USAID and State Should Improve Management and Assessment of Reconstruction Activities
GAO-23-105211
Published: Mar 16, 2023.
Publicly Released: Mar 16, 2023.
Pour la version française de cette page, voir GAO-23-106250. The U.S. Agency for International Development (USAID) provided $2 billion to support reconstruction and development in Haiti during FYs 2010-2020. It completed half of the infrastructure projects we reviewed—such as constructing a power plant—but most projects were delayed, cost more than planned, or had to be scaled back. USAID developed unrealistic estimates of costs and timeframes...
Management Report:
Continued Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt
GAO-23-106392
Published:
Publicly Released:
Treasury's Fiscal Service issues debt to borrow money for federal operations, and reports the debt on financial statements called the Schedules of Federal Debt. We audit and issue opinions annually on the Schedules and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded). In FY 2022, Fiscal Service addressed 8 of our previous recommendations to correct weaknesses in...
Haiti:
L’USAID et le département d’État devraient améliorer la gestion et l’évaluation des activités de reconstruction
GAO-23-106250
Published:
Publicly Released:
To see the version of this page in English, see GAO-23-105211. L'Agence des États-Unis pour le développement international (USAID) a fourni 2 milliards de dollars pour soutenir la reconstruction et le développement en Haïti pendant les exercices budgétaires 2010-2020. Elle a achevé la moitié des projets d'infrastructures que nous avons examinés—comme la construction d'une centrale électrique—mais la plupart des projets ont été retardés, ont coûté...
Disaster Assistance:
Action Needed to Improve Resilience, Response, and Recovery
GAO-23-106544
Published:
Publicly Released:
The federal government provides billions of dollars to help people before, during, and after disasters like wildfires and hurricanes. This Snapshot covers our work on disaster-related federal efforts. We've found ways to improve federal efforts, including: Making it easier to get FEMA grants for disaster resilience projects Communicating better about FEMA assistance eligibility requirements Ensuring that HUD's housing-related disaster assistance reaches affected communities quickly We...
Fiscal Year 2024 Budget Request:
U.S. Government Accountability Office
GAO-23-900494
Published:
Publicly Released:
For the last 5 years, our work yielded an average of $145 in financial benefits for every $1 invested in us, as well as an annual average of more than 1,300 other benefits. In this testimony before the Senate Subcommittee on the Legislative Branch, Committee on Appropriations, U.S. Comptroller General Gene Dodaro discusses GAO's FY 2024 budget request. Meeting Congress's growing demand for GAO's services...
Generic Drugs:
Stakeholder Views on Improving FDA's Information on Patents
GAO-23-105477
Published:
Publicly Released:
The Orange Book is a list of FDA-approved drugs. It helps generic drug companies identify when patents for brand name drugs will expire so they can market generic equivalents. For makers of brand name drugs, listing patents gives them time to resolve patent disputes before a generic can be offered for sale. Views varied, but some stakeholders had concerns that certain patent listing practices can...
Electronic Health Record Modernization:
VA Needs to Address Change Management Challenges, User Satisfaction, and System Issues
GAO-23-106685
Published:
Publicly Released:
Veterans Affairs is in the process of replacing its IT system used to maintain veterans' health records—and has deployed its new system to a few locations. We testified that the new system has presented issues for some users. For example, many users said that they weren't adequately trained to use the new system. Users also said that the new system had decreased morale and job...
Women in the Workforce:
Underrepresentation in Management Positions Persists, and the Gender Pay Gap Varies by Industry and Demographics
GAO-23-106320
Published:
Publicly Released:
Women remain underrepresented in management roles in the U.S. workforce. Female managers continue to earn less than male managers, but the pay gap varies by industry and demographics. Our analysis of Census data showed that in 2021: 42% of managers were women, but overall women make up 47% of the workforce Female managers were more likely to be younger and more educated, and less likely...
Wildfire Smoke:
Opportunities to Strengthen Federal Efforts to Manage Growing Risks
GAO-23-104723
Published:
Publicly Released:
Smoke from increasingly frequent catastrophic wildfires has created unhealthy air quality for tens of millions of Americans. The EPA has partnered with other federal agencies to help communities deal with the smoke. One effort with the Forest Service produced an online map showing air quality, fire locations, and smoke direction. But, EPA's actions have been ad hoc and spread across program and regional offices. Better...
IASB
IASB to publish Exposure Draft: Amendments to the Classification and Measurement of Financial Instruments
Forthcoming publication
20 Mar 2023
March 2023 ISSB Update and podcast now available
Update
20 Mar 2023
March 2023 IFRS for SMEs Accounting Standard Update now available
Update
16 Mar 2023
March 2023 Accounting Standards Advisory Forum agenda and meeting papers now available
Meeting
15 Mar 2023
IRS
IRS: Avoid processing delays and refund adjustments using these steps to prevent tax return errors
IR-2023-48, March 20, 2023 — With only a few days remaining before the April 18 filing deadline, the Internal Revenue Service today reminded taxpayers how to avoid common errors on their federal tax returns and help get possible refunds sooner.
IRS addresses questions about medical expenses related to nutrition, wellness and general health
IR-2023-47, March 17, 2023 — The Internal Revenue Service today posted frequently asked questions that address whether certain costs related to nutrition, wellness and general health are medical expenses that may be paid or reimbursed under a health savings account (HSA), health flexible spending arrangement (FSA), Archer medical savings account (Archer MSA) or health reimbursement arrangement (HRA).
Tax Time Guide: IRS provides easy access to tax refund status with Where’s My Refund? tool; no need to call
IR-2023-46, March 15, 2023 — The Internal Revenue Service reminds taxpayers that the Where's My Refund? tool on IRS.gov is the most convenient way to check the status of 2022, 2021 and 2020 tax refunds. IRS2Go, the mobile app, offers another way for users to check their refund status.
Werfel begins work as 50th IRS Commissioner
IR-2023-45, March 13, 2023 — Danny Werfel began work today as the 50th commissioner of the Internal Revenue Service.
NYS
Almost One Month Until Tax Day: File Your Tax Return Simply and Quickly
March 15, 2023
SEC
SEC Charges Cannabis Company American Patriot Brands, CEO, and Others with Fraud
2023-55
Washington D.C., March 16, 2023 —The Securities and Exchange Commission today charged American Patriot Brands Inc. (APB), a cannabis cultivation and distribution company, its CEO, and five other entities and individuals for their participation in a long-running scheme in which they raised more than $30 million from more than one hundred investors across the country and siphoned off millions of those funds to enrich themselves.
SEC Reopens Comment Period for Proposed Cybersecurity Risk Management Rules and Amendments for Registered Investment Advisers and Funds
2023-54
Washington D.C., March 15, 2023 — The Securities and Exchange Commission today reopened the comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies, and business development companies that were proposed by the Commission on February 9, 2022. The initial comment period ended on April 11, 2022.
SEC Proposes to Expand and Update Regulation SCI
2023-53
Washington D.C., March 15, 2023 — The Securities and Exchange Commission today proposed amendments to expand and update Regulation Systems Compliance and Integrity (SCI), the set of rules adopted in 2014 to help address technological vulnerabilities in the U.S. securities markets and improve Commission oversight of the core technology of key U.S. securities markets entities (SCI entities).
SEC Proposes New Requirements to Address Cybersecurity Risks to the U.S. Securities Markets
2023-52
Washington D.C., March 15, 2023 — The Securities and Exchange Commission today proposed requirements for broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities Rulemaking Board, national securities associations, national securities exchanges, security-based swap data repositories, security-based swap dealers, and transfer agents (collectively, “Market Entities”) to address their cybersecurity risks.
SEC Proposes Changes to Reg S-P to Enhance Protection of Customer Information
2023-51
Washington D.C., March 15, 2023 — The Securities and Exchange Commission today proposed amendments to Regulation S-P that would enhance the protection of customer information by, among other things, requiring broker-dealers, investment companies, registered investment advisers, and transfer agents to provide notice to individuals affected by certain types of data breaches that may put them at risk of identity theft or other harm.
SEC Charges Exiled Chinese Businessman Miles Guo and His Financial Advisor William Je in $850 Million Fraud Scheme
2023-50
Washington D.C., March 15, 2023 — The Securities and Exchange Commission today charged exiled Chinese businessman Miles Guo and his financial advisor William Je for their involvement in unregistered and fraudulent offerings that raised more than $850 million.
SEC Charges IT Services Provider DXC Technology Co. for Misleading Non-GAAP Disclosure
2023-49
Washington D.C., March 14, 2023 — The Securities and Exchange Commission today charged DXC Technology Company, an IT services company in Ashburn, Virginia, with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020.