Regulatory Roundup: July 26-August 1

By:
Chris Gaetano
Published Date:
Aug 1, 2017

AICPA

AICPA Peer Review Analysis Identifies Three Characteristics of Higher-Quality Single Audits
Published on July 31, 2017

AICPA Issues New Sustainability Attestation Guide
Published on July 27, 2017

Americans Personal Financial Satisfaction Hits 10-Year High
Published on July 27, 2017

AICPA Issues New Auditing Standard for Auditor Responsibilities Regarding Exempt Securities
Published on July 26, 2017

CBO

Cost Estimate
S. 469, Affordable and Safe Prescription Drug Importation Act
July 31, 2017

Cost Estimate
H.R. 873, Global War on Terrorism War Memorial Act
July 28, 2017

Cost Estimate
S. 1359, John F. Kennedy Center Reauthorization Act of 2017
July 28, 2017

Cost Estimate
H.R. 1628, the Healthcare Freedom Act of 2017, an Amendment in the Nature of a Substitute [S.A. 667]
July 27, 2017

Cost Estimate
S. 1519, National Defense Authorization Act for Fiscal Year 2018
July 27, 2017

Cost Estimate
H.R. 1628, Better Care Reconciliation Act of 2017
July 26, 2017

Cost Estimate
S. 1460, Energy and Natural Resources Act of 2017
July 26, 2017

Cost Estimate
H.R. 2937, Community Reclamation Partnerships Act
July 26, 2017

Cost Estimate
H.R. 2989, Frederick Douglass Bicentennial Commission Act
July 26, 2017

FASB 

FASB Outlook E-Newsletter Q3 2017  [08/01/17]
Newsletter

Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Biannual Meeting  [07/26/17]
News Release

GAO 

Low-Income Housing Tax Credit:
Actions Needed to Strengthen Oversight and Accountability
GAO-17-784T:Published: Aug 1, 2017. Publicly Released: Aug 1, 2017.

Prepositioned Stocks:
DOD Needs to Develop a Department-Wide Vision and Goals to Guide Program Management
GAO-17-653:Published: Jul 31, 2017. Publicly Released: Jul 31, 2017.

Refugees:
Actions Needed by State Department and DHS to Further Strengthen Applicant Screening Process and Assess Fraud Risks
GAO-17-706:Published: Jul 31, 2017. Publicly Released: Jul 31, 2017.

Refugees:
State and Its Partners Have Implemented Several Antifraud Measures but Could Further Reduce Staff Fraud Risks
GAO-17-737:Published: Jul 31, 2017. Publicly Released: Jul 31, 2017.

Bureau of Prisons:
Better Planning and Evaluation Needed to Understand and Control Rising Inmate Health Care Costs
GAO-17-379:Published: Jun 29, 2017. Publicly Released: Jul 31, 2017.

U.S. Democracy Assistance in Burma:
USAID and State Could Strengthen Oversight of Partners' Due Diligence Procedures
GAO-17-648:Published: Jul 28, 2017. Publicly Released: Jul 28, 2017.

Air Ambulance:
Data Collection and Transparency Needed to Enhance DOT Oversight
GAO-17-637:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

DOD Excess Property:
Enhanced Controls Needed for Access to Excess Controlled Property
GAO-17-781T:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

Federal Contracting:
Improvements Needed in How Some Agencies Report Personal Services Contracts
GAO-17-610:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

Federal Emergency Management Agency:
Additional Actions Needed to Improve Handling of Employee Misconduct Allegations
GAO-17-758T:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

Information Security:
SEC Improved Control of Financial Systems but Needs to Take Additional Actions
GAO-17-469:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

Internet of Things:
Enhanced Assessments and Guidance Are Needed to Address Security Risks in DOD
GAO-17-668:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

National Mall:
Actions Needed to Better Manage Physical Security Risks
GAO-17-679:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

State Department Telecommunications:
Information on Vendors and Cyber-Threat Nations
GAO-17-688R:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

Surface Transportation:
A Comprehensive Plan Could Facilitate Implementation of a National Performance Management Approach
GAO-17-638:Published: Jul 27, 2017. Publicly Released: Jul 27, 2017.

Social Security Numbers:
OMB Actions Needed to Strengthen Federal Efforts to Limit Identity Theft Risks by Reducing Collection, Use, and Display
GAO-17-553:Published: Jul 25, 2017. Publicly Released: Jul 27, 2017.

2020 Census:
Bureau Is Taking Steps to Address Limitations of Administrative Records
GAO-17-664:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

Drug Control Policy:
Information on Status of Federal Efforts and Key Issues for Preventing Illicit Drug Use
GAO-17-766T:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

Highlights of a Forum:
Combating Synthetic Identity Fraud
GAO-17-708SP:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

Highway Bridges:
Major Projects Present Challenges for States, but Strategies Exist to Overcome Them
GAO-17-707:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

Information Security:
Control Deficiencies Continue to Limit IRS's Effectiveness in Protecting Sensitive Financial and Taxpayer Data
GAO-17-395:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

Inland Harbors:
The Corps of Engineers Should Assess Existing Capabilities to Better Inform Dredging Decisions
GAO-17-635:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

Internet of Things:
Communities Deploy Projects by Combining Federal Support with Other Funds and Expertise
GAO-17-570:Published: Jul 26, 2017. Publicly Released: Jul 26, 2017.

IASB

01 August 2017
Monthly Stakeholder Update July 2017 published

01 August 2017
Summary of the ITCG June discussions now available

31 July 2017
Capital Markets Advisory Committee—call for members

31 July 2017
IFRS Foundation Trustees publish findings on independent perception research

28 July 2017
IFRS Foundation reappoints SME Implementation Group members

28 July 2017
IFRS Taxonomy 2017 now available in Spanish

27 July 2017
New webinar: What are the measurement essentials for insurance contracts?

27 July 2017
IFRS Foundation publishes July 2017 Translations, Adoption and Copyright Update

26 July 2017
IFRS Foundation releases IFRS Taxonomy Formula Linkbase 2017

IRS 

Don’t Take the Bait, Step 4: Defend against Ransomware
IR-2017-125, Aug. 1, 2017 — The IRS, state tax agencies and the tax industry today warned tax professionals that ransomware attacks are on the rise worldwide as bad actors here and abroad infiltrate computer systems and hold sensitive data hostage.

National Harbor IRS Tax Forum Registration Deadline is Aug. 8 
IR-2017-124, July 28, 2017— Tax professionals wishing to attend the IRS Nationwide Tax Forum in National Harbor, Md., can save $115 by registering soon, according to the Internal Revenue Service.

NYS Dept. of Taxation and Finance 

Understand How Life Changes Can Affect Your Taxes NYS
Tax Department highlights tax benefits and obligations related to major milestones

SEC

SEC Files Charges to Stop Fraudulent Misuse of Cancer-Fighting Investments to Fund Restaurant Businesses July 31, 2017 

SEC Files Fraud Charges Against Former Brokers Targeting Federal Retirees July 31, 2017 

SEC Announces Whistleblower Award of More Than $1.7 Million July 27, 2017 

Halliburton Paying $29.2 Million to Settle FCPA Violations July 27, 2017 

TIGTA 

Case Selection Processes Result in Billions of Dollars in Potential Employer Underreported Tax Not Being Addressed

The Internal Revenue Service Continues to Rehire Former Employees With Conduct and Performance Issues

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