AICPA
News
A Statement from AICPA President and CEO, Barry Melancon, CPA, CGMA on the Events at the U.S. Capitol
We are heartened that through last night’s chaos and criminal behaviors, the nation’s important Constitutional process continued and did not sway.
January 7, 2021
Press Release
Association of International Certified Professional Accountants Promotes Sue Coffey, CPA, CGMA to Chief Executive Officer of Public Accounting
In her new role, Coffey will lead key strategic initiatives that will transform the public accounting profession and the way it supports clients and businesses.
January 7, 2021
CBO
Report
Monthly Budget Review: December 2020
January 11, 2021
Report
Answers to Questions for the Record Following a Hearing on CBO’s Budget Projections Conducted by the Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Committee on Finance
January 7, 2021
Report
CBO’s Recent Publications and Work in Progress as of January 1, 2021
January 7, 2021
Presentation
The 2021 Outlook for Navy Shipbuilding: Prospects and Challenges in Building a Larger Fleet
January 6, 2021
FASB
Financial Accounting Standards Advisory Council [01/07/21]
December 15, 2020 Meeting Recap
FASB Clarifies Scope of Recent Reference Rate Reform Guidance [01/07/21]
Media Advisory
ASU 2021-01
Private Company Council [01/05/21]
PCC Meeting Minutes - December 3, 2020
GAO
K-12 Education:
Observations on States' School Improvement Efforts
GAO-21-199: Published: Jan 11, 2021. Publicly Released: Jan 11, 2021.
Fair Labor Standards Act:
Tracking Additional Complaint Data Could Improve DOL's Enforcement
GAO-21-13: Published: Dec 9, 2020. Publicly Released: Jan 8, 2021.
Aircraft Noise:
Better Information Sharing Could Improve Responses to Washington, D.C. Area Helicopter Noise Concerns
GAO-21-200: Published: Jan 7, 2021. Publicly Released: Jan 7, 2021.
Hanford Cleanup:
DOE's Efforts to Close Tank Farms Would Benefit from Clearer Legal Authorities and Communication
GAO-21-73: Published: Jan 7, 2021. Publicly Released: Jan 7, 2021.
Medicare Severe Wound Care:
Spending Declines May Reflect Site of Care Changes; Limited Information Is Available on Quality
GAO-21-92: Published: Jan. 4, 2021 Publicly Released: Jan. 4, 2021
IASB
08 January 2021
December 2020 IFRS Interpretations Committee podcast now available
IRS
IRS sends Taxpayer First Act Report to Congress
IR-2021-07, January 11, 2021 — The IRS today sent the Taxpayer First Act Report to Congress, a comprehensive set of recommendations that will reimagine the taxpayer experience, enhance employee training and restructure the organization to increase collaboration and innovation.
Treasury issues millions of second Economic Impact Payments by debit card
IR-2021-06, January 7, 2021 — Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.
Treasury, IRS provide final regulations to help businesses claim credits for carbon capture
IR-2021-05, January 6, 2020 — Today the Treasury Department and Internal Revenue Service issued final regulations regarding the credit for qualified carbon oxide captured using carbon capture equipment placed in service on or after February 9, 2018.
Eligible Paycheck Protection Program expenses now deductible
IR-2021-04, January 6, 2021 — The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP).
IRS releases 2020 Progress Update; annual report details unprecedented year
IR-2021-03, January 5, 2021 — The Internal Revenue Service today released its 2020 annual report describing the agency’s work delivering taxpayer service and compliance efforts during COVID-19 while spotlighting actions taken by IRS employees to help people during the challenging year.
IRS revises Form 1024-A, application for Section 501(c)(4) tax-exempt status as part of ongoing efforts to improve service
IR-2021-02, January 5, 2021 — As part of ongoing efforts to improve service for the tax-exempt community, the Internal Revenue Service issued the revised Form 1024-A, Application for Recognition of Exemption Under Section 501(c)(4), and its instructions to allow electronic filing.
Economic Impact Payments on their way, visit IRS.gov instead of calling
IR-2021-01, January 4, 2021— The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers.
NYS
Consumer Alert: The Division of Consumer Protection Urges New Yorkers to be Aware of Covid-19 Scams Tied to Federal Economic Impact Payments
January 6, 2021
SEC
SEC Charges Deutsche Bank With FCPA Violations Related to Third-Party Intermediaries
2021-3 Jan. 8, 2021 — The Securities and Exchange Commission today announced charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA). As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to pay more than $120 million, which includes more than $43 million to settle the SEC’s charges.
SEC Issues Over $1.1 Million to Multiple Whistleblowers
2021-2, Jan. 7, 2021 — The Securities and Exchange Commission today announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions.
Paul G. Cellupica, Division of Investment Management Deputy Director and Chief Counsel to Conclude Tenure at SEC
2021-1 Jan. 7, 2021 —The Securities and Exchange Commission today announced that Paul G. Cellupica, Deputy Director and Chief Counsel of the Division of Investment Management, will depart the agency later this month.