Regulatory Roundup: Aug. 23-29

By:
Chris Gaetano
Published Date:
Aug 29, 2017

AICPA 

AICPA to Release Results of Quarterly Economic Outlook Survey on Thursday, Aug. 31, 2017 Financial Experts Give Predictions on U.S. Business Hiring and Spending for the Coming Year 
Published August 28, 2017

FASB Standards on Credit Losses, Leases and Hedging To Be Discussed At AICPA National Conference on Banks and Savings Institutions 
FASB Board Member, SEC Chief Accountant among Speakers
Published August 23, 2017

CBO

Report
CBO’s Objectivity and the Agency’s Estimates of the Effects of the American Health Care Act
August 24, 2017

Cost Estimate
H.R. 2061, North Korean Human Rights Reauthorization Act of 2017
August 23, 2017

FAF

Request for Nominations to the Financial Accounting Standards Advisory Council (FASAC)  [08/25/17]
Request for Nominations

FASB

FASB Issues Improvements To Hedge Accounting Effective for public companies in 2019 and private companies in 2020, with early adoption permitted

GAO

Intelligence Community:
Analysis of Alternatives Approach for a New Site Reflects Most Characteristics of a High-Quality Process
GAO-17-643:Published: Jul 28, 2017. Publicly Released: Aug 28, 2017.

Vehicle Data Privacy:
Industry and Federal Efforts Under Way but NHTSA Needs to Define Its Role
GAO-17-656:Published: Jul 28, 2017. Publicly Released: Aug 28, 2017.

Foreign Trade Zones:
CBP Should Strengthen Its Ability to Assess and Respond to Compliance Risks across the Program
GAO-17-649:Published: Jul 27, 2017. Publicly Released: Aug 28, 2017

Crop Insurance:
Opportunities Exist to Improve Program Delivery and Reduce Costs
GAO-17-501:Published: Jul 26, 2017. Publicly Released: Aug 24, 2017.

Social Security Administration:
Improvements Needed in Facilities Planning and Service Delivery Evaluation
GAO-17-597:Published: Jul 25, 2017. Publicly Released: Aug 24, 2017.

Conflict Minerals:
Information on Artisanal Mined Gold and Efforts to Encourage Responsible Sourcing in the Democratic Republic of the Congo
GAO-17-733:Published: Aug 23, 2017. Publicly Released: Aug 23, 2017.

IASB

23 August 2017
Summary of the joint CMAC and GPF meeting available

IRS  

Don’t Take the Bait, Step 8: How to Start Protecting Clients, Businesses from Cybersecurity Threats
IR-2017-136, Aug. 29, 2017 — The IRS, state tax agencies and the tax industry today offered important tips for how tax professionals can get started protecting their clients and their business from cybersecurity threats.

IRS Gives Tax Relief to Victims of Hurricane Harvey; Parts of Texas Now Eligible; Extension Filers Have Until Jan. 31 to File 
IR-2017-135, Aug. 28, 2017 –– Hurricane Harvey victims in parts of Texas have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.

IRS Issues Urgent Warning to Beware IRS FBI Themed Ransomware Scam
IR-2017-134, Aug. 28, 2017 — The Internal Revenue Service today warned people to avoid a new phishing scheme that impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage.

San Diego IRS Tax Forum Registration Deadline is Aug. 29; Final Tax Forum for 2017
IR-2017-133, Aug. 24, 2017 — Tax professionals wishing to attend the IRS Nationwide Tax Forum in San Diego can save $115 by registering soon, according to the Internal Revenue Service.

SEC

Fee Rate Advisory #1 for Fiscal Year 2018
Aug. 24, 2017

Muni Bond Issuer and Underwriter Charged With Disclosure Failures
Aug. 23, 2017

TIGTA

Fiscal Year 2017 Review of Compliance With Legal Guidelines When Conducting Seizures of Taxpayers’ Property  August 24, 2017

Additional Controls Are Needed to Help Ensure That Nonresident Alien Individual Property Owners Comply With Tax Laws August 23, 2017

Fiscal Year 2017 Statutory Review of Disclosure of Collection Activities on Joint Returns August 23, 2017

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