Regulatory Roundup: Sept. 13-19

By:
Chris Gaetano
Published Date:
Sep 19, 2017

AICPA 

AICPA Offers Global Diversity Webinar Series
Press Release:  AICPA is offering a three-part webinar series on global diversity to help participants maximize the opportunities that a diverse workforce affords.
Published on September 18, 2017

AICPA Campaign Promotes CPA Firms Key Role in Advising Small Businesses
Press Release:  The American Institute of CPAs launched the latest update of its national #CPApowered campaign.
Published on September 18, 2017

AICPA Awards $449,500 to Exceptional Minority Accounting Students
Press Release:  90 college accounting students across the United States have been awarded the AICPA Scholarship for Minority Accounting Students for the 2017-18 academic year.
Published on September 14, 2017

CBO

Cost Estimate
H.R. 469, Sunshine for Regulations and Regulatory Decrees and Settlements Act of 2017
September 19, 2017

Cost Estimate
H.R. 2823, Affordable Retirement Advice for Savers Act
September 18, 2017

Cost Estimate
H.R. 2142, INTERDICT Act
September 18, 2017

Cost Estimate
S. 754, Cyber Scholarship Opportunities Act of 2017
September 18, 2017

Cost Estimate
H.R. 825, Public Land Renewable Energy Development Act of 2017
September 18, 2017

Cost Estimate
H.R. 3668, SHARE Act
September 18, 2017

Cost Estimate
H.R. 3229, a bill to protect the safety of judges by extending the authority of the Judicial Conference to redact sensitive information contained in their financial disclosure reports, and for other purposes
September 18, 2017

Cost Estimate
S. 705, Child Protection Improvements Act of 2017
September 18, 2017

Cost Estimate
H.R. 289, GO Act
September 18, 2017

Blog Post
CBO aims to provide preliminary assessment of Graham-Cassidy bill by early next week
September 18, 2017

Report
An Analysis of Corporate Inversions
September 18, 2017

Presentation
Modeling the Effect of the Individual Mandate on Health Insurance Coverage
September 15, 2017

Presentation
A Presentation on CBO's Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2017 to 2027
September 15, 2017

Cost Estimate
H.R. 601, Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2017
September 14, 2017

Cost Estimate
S. 1463, Financial Stability Oversight Council Insurance Member Continuity Act
September 14, 2017

Report
Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2017 to 2027
September 14, 2017

Cost Estimate
H.R. 2374, Eastern Nevada Economic Development and Land Management Improvement Act
September 13, 2017

Cost Estimate
S. 938, Procurement Fraud Prevention Act
September 13, 2017

Cost Estimate
H.R. 2423, Washington County, Utah, Public Lands Management Implementation Act
September 13, 2017

Cost Estimate
S. 1598, Harry W. Colmery Veterans Education Assistance Act of 2017
September 13, 2017

Presentation
Methodological Improvements for CBO’s Analysis of the Distribution of Household Income
September 13, 2017

Blog Post
CBO to Release Updated Report on Federal Subsidies for Health Care on September 14
September 13, 2017

FASB

NOW AVAILABLE: New FASB Webpage Dedicated to Implementing New Standards [09/13/17]
Media Advisory

GAO

Navy Readiness:
Actions Needed to Address Persistent Maintenance, Training, and Other Challenges Affecting the Fleet
GAO-17-809T:Published: Sep 19, 2017. Publicly Released: Sep 19, 2017.

Army Corps of Engineers:
Better Data Needed on Water Storage Pricing
GAO-17-500:Published: Aug 18, 2017. Publicly Released: Sep 18, 2017.

Information Technology Modernization:
Corporation for National and Community Service Needs to Develop a System That Supports Grant Monitoring
GAO-17-267:Published: Aug 17, 2017. Publicly Released: Sep 18, 2017.

K-12 Education:
High School Sports Access and Participation
GAO-17-754R:Published: Sep 14, 2017. Publicly Released: Sep 14, 2017.

Telecommunications:
Additional Action Needed to Mitigate Significant Risks in FCC's Lifeline Program
GAO-17-805T:Published: Sep 14, 2017. Publicly Released: Sep 14, 2017.

Telecommunications:
FCC Updated Its Enforcement Program, but Improved Transparency Is Needed
GAO-17-727:Published: Sep 14, 2017. Publicly Released: Sep 14, 2017.

High Risk:
Status of Prior Recommendations on Federal Management of Programs Serving Indian Tribes
GAO-17-790T:Published: Sep 13, 2017. Publicly Released: Sep 13, 2017.

Overseas Allowances:
State Should Assess the Cost-Effectiveness of Its Hardship Pay Policies
GAO-17-715:Published: Sep 13, 2017. Publicly Released: Sep 13, 2017.

Rural Housing Service:
Additional Actions Would Help Ensure Reasonableness of Rental Assistance Estimates
GAO-17-725:Published: Sep 13, 2017. Publicly Released: Sep 13, 2017.

Veterans Benefits:
GAO's Proposed Role in Reviewing Efforts to Protect Veterans from Financial Exploitation
GAO-17-804T:Published: Sep 13, 2017. Publicly Released: Sep 13, 2017.

Higher Education:
Students Need More Information to Help Reduce Challenges in Transferring College Credits
GAO-17-574:Published: Aug 14, 2017. Publicly Released: Sep 13, 2017.

Medicaid Managed Care:
CMS Should Improve Oversight of Access and Quality in States' Long-Term Services and Supports Programs
GAO-17-632:Published: Aug 14, 2017. Publicly Released: Sep 13, 2017.

Technology Assessment:
Medical devices: Capabilities and challenges of technologies to enable rapid diagnoses of infectious diseases
GAO-17-347:Published: Aug 14, 2017. Publicly Released: Sep 13, 2017.

IASB

19 September 2017
New IFRS 17 webcast: reinsurance contracts held

18 September 2017
IASB Chairman’s speech: The times, they are a-changin’

14 September 2017
IASB issues Practice Statement 2 Making Materiality Judgements and publishes Exposure Draft Definition of Material

14 September 2017
Video: Introducing Making Materiality Judgements

IRS 

All of Georgia Now Eligible for Disaster Tax Relief
IR-2017-156, Sept. 19, 2017 — Hurricane Irma victims in the entire state of Georgia now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the IRS announced today.

IRS Expands Tax Relief to Victims of Hurricane Irma in Florida; Extension Files Have Until Jan. 31 to File
IR-2017-155, Sept. 15, 2017 - Hurricane Irma victims in Florida have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payment.

IRS Provides Special Relief to Encourage Leave-Based Donation Programs for Victims of Hurricane and Tropical Storm Irma
IR-2017-154, Sept. 14, 2017 – The IRS today announced special relief designed to support leave-based donation programs to aid victims of Hurricane and Tropical Storm Irma.

IRS Urges Foreign Financial Institutions Participating in FATCA to Check Their Registrations
IR-2017-153, Sept. 14, 2017 – IRS officials today reminded foreign financial institutions to renew their Foreign Financial Institution (FFI) agreement if required. 

NYS Dept. of Taxation and Finance

Monthly and Quarterly Sales Tax Filers: Don’t Delay; Submit Your Returns Today! Sales tax vendors can file their returns now and schedule payments up until the September 20 deadline The New York State Department of Taxation and Finance today reminded both monthly and quarterly sales tax filers that returns are due no later than 11:59 p.m. on Wednesday, September 20.

PCAOB

PCAOB Announces Oct. 18 Webinar for Small Business Auditors on Other Auditor Requirements for Form AP
WASHINGTON, Sept. 18, 2017
The Public Company Accounting Oversight Board today announced that it will host a webinar on October 18, 2017, on other auditor requirements for Form AP for PCAOB-registered firms auditing smaller public companies.

SEC 

Ken C. Joseph, Head of Investment Adviser/Investment Company Examination Program in SEC's New York Regional Office, to Leave SEC After 21 Years of Service
Sept. 15, 2017

SunTrust Charged With Improperly Recommending Higher-Fee Mutual Funds
Sept. 14, 2017

SEC Monitoring Impact of Hurricane Irma on Capital Markets, Continues to Monitor Impact of Hurricane Harvey
Sept. 13, 2017

TIGTA

Further Actions Are Needed to Reduce the Risk of Employment Tax Fraud to Businesses That Use the Services of Professional Employer Organizations
WASHINGTON — The Internal Revenue Service (IRS) needs to reduce the risk of tax fraud by third-party payers called Professional Employer Organizations (PEO), according to an audit report that the Treasury Inspector General for Tax Administration (TIGTA) issued today.

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