Regulatory Roundup: Nov. 15-28

By:
Chris Gaetano
Published Date:
Nov 28, 2017

AICPA 

SEC, PCAOB and FASB Chairs and IASB Vice Chair Will Address AICPA SEC-PCAOB Conference Dec. 4-6
November 27, 2017

AICPA Reports on Actions Promoting Enhanced Audit Quality
November 16, 2017

AICPA Hails House Adoption of Tax Reform Package; Seeks Same Tax Rate for All Passthroughs and SALT Deduction Preservation as Debate Continues
November 16, 2017

AICPA Honors Accounting Educators for Innovative Teaching Strategies
November 15, 2017

Pair of CPAs Honored for Exceptional Volunteer Service at AICPA’s Forensic and Valuation Services Conference
November 14, 2017

AICPA Supports Portman Deferred Compensation Amendment To Chairman’s Mark of Senate Tax Reform Bill
November 14, 2017

AICPA Commends Lawmakers for Efforts to Reform Outdated Tax Code
November 14, 2017

AICPA Honors 20 Young CPAs with the FVS ‘Standing Ovation’
November 14, 2017

CBO

Report
Distributional Analysis of the Tax Cuts and Jobs Act, as Ordered Reported by the Senate Committee on Finance on November 16, 2017, Excluding the Effects of Eliminating the Individual Mandate Penalty
November 27, 2017

Cost Estimate
Reconciliation Recommendations of the Senate Committee on Finance
November 26, 2017

Cost Estimate
S. 140, a bill to amend the White Mountain Apache Tribe Water Rights Quantification Act of 2010 to clarify the use of amounts in the WMAT Settlement Fund

November 21, 2017

Cost Estimate
H.R. 3093, Investor Clarity and Bank Parity Act

November 21, 2017

Cost Estimate
Reconciliation Recommendations of the Senate Committee on Energy and Natural Resources

November 21, 2017

Cost Estimate
H.R. 995, 21st Century Respect Act

November 21, 2017

Cost Estimate
H.R. 3905, Minnesota’s Economic Rights in the Superior National Forest Act

November 21, 2017

Cost Estimate
H.R. 1699, Preserving Access to Manufactured Housing Act of 2017

November 21, 2017

Presentation
Approaches for Managing the Costs of U.S. Nuclear Forces, 2017 to 2046

November 20, 2017

Cost Estimate
H.R. 1132, Political Appointee Burrowing Prevention Act

November 20, 2017

Cost Estimate
S. 1223, Klamath Tribe Judgment Fund Repeal Act

November 20, 2017

Cost Estimate
H.R. 1730, Protecting Religiously Affiliated Institutions Act of 2017
November 20, 2017

Cost Estimate
H.R. 3249, Project Safe Neighborhoods Grant Program Authorization Act of 2017

November 20, 2017

Presentation
CBO’s Service to the Congress

November 17, 2017

Cost Estimate
H.R. 70, Federal Advisory Committee Act Amendments of 2017

November 17, 2017

Cost Estimate
S. 1333, Tribal HUD-VASH Act of 2017

November 17, 2017

Cost Estimate
H.R. 3669, Securing General Aviation and Commercial Charter Air Carrier Service Act of 2017

November 17, 2017

Cost Estimate
H.R. 3469, a bill to designate the bridge located in Blount County, Tennessee, on the Foothills Parkway (commonly known as “Bridge 2”) as the “Dean Stone Bridge”

November 17, 2017

Report
Distributional Effects of Changes in Spending Under the Tax Cuts and Jobs Act as of November 15, 2017

November 17, 2017

Presentation
Trends in the Distribution of Household Income

November 16, 2017

Cost Estimate
S. 1015, National Suicide Hotline Improvement Act of 2017

November 15, 2017

Cost Estimate
H.R. 3317, Stopping Abusive Female Exploitation Act

November 15, 2017

Cost Estimate
H.R. 2228, Law Enforcement Mental Health and Wellness Act of 2017

November 15, 2017

Presentation
The Financial Soundness and Affordability of the National Flood Insurance Program

November 14, 2017

Presentation
Modeling the Effects of the Individual Mandate on Health Insurance Coverage

November 14, 2017

Working Paper
Effects of Medicare Advantage Enrollment on Beneficiary Risk Scores: Working Paper 2017-08

November 14, 2017

Cost Estimate
H.R. 2874, 21st Century Flood Reform Act

November 14, 2017

Cost Estimate
H.R. 3731, Secret Service Recruitment and Retention Act of 2017

November 14, 2017

Cost Estimate
Effects of legislation that would raise deficits by an estimated $1.5 trillion over the 2018-2027 period

November 14, 2017

FASB

Registration Opens for December 19 CPE webcast IN FOCUS: The New NFP Financial Reporting Standard: Get Ready for It!  [11/28/17]
News Release
Course Description and Registration

Registration Opens for December 15 CPE webcast IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations  [11/27/17]
News Release
Course Description and Registration

GAO

Food Safety:
FDA Continues to Evaluate and Respond to Business Concerns about the Produce Rule
GAO-18-85:Published: Nov 27, 2017. Publicly Released: Nov 27, 2017.

Internet of Things:
FCC Should Track Growth to Ensure Sufficient Spectrum Remains Available
GAO-18-71:Published: Nov 16, 2017. Publicly Released: Nov 27, 2017.

VA Health Care:
Improved Policies and Oversight Needed for Reviewing and Reporting Providers for Quality and Safety Concerns
GAO-18-63:Published: Nov 15, 2017. Publicly Released: Nov 27, 2017.

Inspectors General:
Documented Agreement of Certain Roles and Responsibilities Could Further Enhance Coordination in Afghanistan [Reissued on November 21, 2017]
GAO-18-6:Published: Nov 2, 2017. Publicly Released: Nov 2, 2017.

Agricultural Promotion Programs:
USDA Could Build on Existing Efforts to Further Strengthen Its Oversight
GAO-18-54: Published: Nov 21, 2017. Publicly Released: Nov 21, 2017.

Government Procurement:
Effect of Restriction on DHS's Purchasing of Foreign Textiles Is Limited
GAO-18-116: Published: Nov 21, 2017. Publicly Released: Nov 21, 2017.

Information Technology:
OMB Needs to Report On and Improve Its Oversight of the Highest Priority Programs
GAO-18-51: Published: Nov 21, 2017. Publicly Released: Nov 21, 2017.

Personnel Security Clearances:
Plans Needed to Fully Implement and Oversee Continuous Evaluation of Clearance Holders
GAO-18-117: Published: Nov 21, 2017. Publicly Released: Nov 21, 2017.

Contingent Workforce:
Size, Characteristics, Compensation, and Work Experiences of Adjunct and Other Non-Tenure-Track Faculty
GAO-18-49: Published: Oct 19, 2017. Publicly Released: Nov 20, 2017.

Federal Regulations:
Key Considerations for Agency Design and Enforcement Decisions
GAO-18-22: Published: Oct 19, 2017. Publicly Released: Nov 20, 2017.

Improper Payments:
Most Selected Agencies Improved Procedures to Help Ensure Risk Assessments of All Programs and Activities
GAO-18-36: Published: Nov 16, 2017. Publicly Released: Nov 16, 2017.

Commercial Aviation:
Pilots' and Flight Attendants' Exposure to Noise aboard Aircraft
GAO-18-109R: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

Financial Audit:
Bureau of Consumer Financial Protection's Fiscal Years 2017 and 2016 Financial Statements

GAO-18-185R: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

Financial Audit:
Federal Housing Finance Agency's Fiscal Years 2017 and 2016 Financial Statements
GAO-18-166R: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

Financial Audit:
Securities and Exchange Commission's Fiscal Years 2017 and 2016 Financial Statements
GAO-18-186R: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

Information Technology:
Further Implementation of FITARA Related Recommendations Is Needed to Better Manage Acquisitions and Operations
GAO-18-234T: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

Plutonium Disposition:
Observations on DOE and Army Corps Assessments of the Mixed Oxide Fuel Fabrication Facility Contract
GAO-18-122R: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

Sunscreen:
FDA Reviewed Applications for Additional Active Ingredients and Determined More Data Needed
GAO-18-61: Published: Nov 15, 2017. Publicly Released: Nov 15, 2017.

IASB

28 November 2017
Expression of Interest—Fit-out contractor

27 November 2017
IFRS Advisory Council October meeting report posted

23 November 2017
Invitation to Tender—Content Management System Upgrade

23 November 2017
November IASB podcast now available

IRS 

National Tax Security Awareness Week No. 2: Don’t Take the Bait; Avoid Phishing Emails by Data Thieves
IR-2017-194, Nov. 28, 2017 ― With the approach of the holidays and the 2018 filing season, the IRS, state tax agencies and the nation’s tax industry urge people to be on the lookout for new, sophisticated email phishing scams that could endanger their personal information and next year’s tax refund.

National Tax Security Awareness Week No. 1: Online Security - Seven Steps for Safety 
IR-2017-193, Nov. 27, 2017 ― During the online holiday shopping season, the IRS, state tax agencies and the tax industry remind people to be vigilant with their personal information.

IRS Offers Small Businesses a One-Stop Resource Center for Help Preparing, Filing and Paying Taxes
IR-2017-192, Nov. 22, 2017 — Small businesses across the country are preparing for their special day -- Small Business Saturday – taking place on Nov. 25

IRS, State Tax Agencies and Tax Industry Announce National Tax Security Awareness Week, Nov. 27-Dec. 1; Event Focuses on Protecting Tax, Financial Data in Advance of Holidays, Filing Season
IR-2017-190, Nov. 17, 2017 ― For the second year, the IRS, state tax agencies and the tax industry will host National Tax Security Awareness Week to encourage both individual and business taxpayers to take additional steps to protect their tax data and identities in advance of the 2018 filing season.

Reminder to Employers and Other Businesses: Jan. 31 Filing Deadline Now Applies to All Wage Statements and Independent Contractor Forms
IR-2017-189, Nov. 16, 2017 — The IRS today reminded employers and other businesses of the Jan. 31 filing deadline that now applies to filing wage statements and independent contractor forms with the government.

IRS Advisory Council Releases Its 2017 Annual Report
IR-2017-188, Nov. 15, 2017 — IRSAC today issued its annual report for 2017, including numerous recommendations to the IRS on new and continuing issues in tax administration.

Plan now to Use Health Flexible Spending Arrangements in 2018; Contribute up to $2,650; $500 Carryover Option Available to Many
IR-2017-187, Nov. 15, 2017 ― The IRS today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2018.

Get Ready for Taxes: Save for Retirement Now, Get a Tax Credit Later; Saver’s Credit Helps Low-, Moderate-Income Workers
IR-2017-186, Nov. 14, 2017 — The IRS reminds low- and moderate-income workers to plan now to earn a credit on their 2017 tax return.

NYS Dept. of Taxation and Finance

State Encourages New Yorkers to Support Small Businesses this Saturday

Extra Savings with NYS Sales Tax Exemption this Black Friday

Tax Preparer Registration Application Now Available

Malta Man Arrested for Transporting Contraband Cigarettes

PCAOB

PCAOB to Hold Webinars on Implementing Recent Changes to the Auditor's Report on Dec. 12 and Jan. 10
Washinton, Nov. 28, 2017
The Public Company Accounting Oversight Board will host webinars on Tuesday, December 12, 2017, and Wednesday, January 10, 2018, on the implementation of recent changes to the auditor's report that become effective for audits of financial statements for fiscal years ending on or after December 15, 2017.

PCAOB Approves 2018 Budget and 2017-2021 Strategic Plan
Washington, Nov. 16, 2017
The Public Company Accounting Oversight Board today approved its 2018 fiscal-year budget of approximately $259.9 million and its 2017-2021 strategic plan, which serves as the foundation for the budget and guides the PCAOB's programs and operations.

SEC

SEC Announces Agenda for December 7 Investor Advisory Committee Meeting
Nov. 27, 2017

Long Island Town and Former Top Official Charged With Defrauding Municipal Investors
Nov. 21, 2017

SEC Names Paul G. Cellupica as Deputy Director of the Division of Investment
Management

Nov. 20, 2017

SEC Announces Agenda and Panelists for the 36th Annual Small Business Forum
Nov. 16, 2017

SEC Enforcement Division Issues Report on Priorities and FY 2017 Results
Nov. 15, 2017

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