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Regulatory Roundup - July 6-8

By:
Ruth Singleton
Published Date:
Jul 8, 2022

AICPA 

AICPA Solicits Feedback on CPA Exam Exposure Draft :Stakeholders are invited to provide input on the CPA Exam Exposure Draft. 
Jul 05, 2022

CBO 

Cost Estimate 
Estimated Budgetary Effects of Subtitle I of Reconciliation Recommendations for Prescription Drug Legislation 
July 8, 2022
As Posted by the Senate Committee on Finance on July 6, 2022

Report 
Answers to Questions for the Record Following a Hearing on a Single-Payer Health Care System That Is Based on Medicare’s Fee-for-Service Program 
July 7, 2022
The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.

Cost Estimate 
H.R. 3034, A bill to amend title 28, United States Code, to provide an additional place for holding court for the Western District of Washington, and for other purposes 
July 7, 2022
As ordered reported by the House Committee on the Judiciary on June 15, 2022

Cost Estimate 
H.R. 5910, Holding SPACs Accountable Act of 2021 
July 6, 2022
As ordered reported by the House Committee on Financial Services on November 16, 2021

Cost Estimate 
H.R. 5914, Empowering States to Protect Seniors from Bad Actors Act 
July 6, 2022
As passed by the House of Representatives on May 11, 2022

Cost Estimate 
H.R. 7900, National Defense Authorization Act for Fiscal Year 2023 
July 6, 2022
As reported by the House Committee on Armed Services on July 1, 2022

Cost Estimate 
S. 2521, SBIC Advisory Committee Act of 2022 
July 6, 2022
As reported by the Senate Committee on Small Business and Entrepreneurship on May 3, 2022

Cost Estimate 
S. 3290, National MEP Supply Chain Database Act of 2022 
July 5, 2022
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 11, 2022 

FASB 

Private Company Council Meeting Recap—June 23-24, 2022
July 7, 2022

FASB Chair Statement Remembering Thomas Hoey Jr.
July 5, 2022 

GAO 

Priority Open Recommendations 
Environmental Protection Agency 
GAO-22-105600 
Published: Jul 01, 2022. 
Publicly Released: Jul 08, 2022. 
What GAO Found In June 2021, GAO identified 22 priority recommendations for the Environmental Protection Agency (EPA). 

Priority Open Recommendations 
Department of Veterans Affairs 
GAO-22-105630 
Published: Jun 30, 2022. 
Publicly Released: Jul 07, 2022. 
What GAO Found In May 2021, GAO identified 28 priority recommendations for the Department of Veterans Affairs (VA). Since then, VA has implemented 8 of those recommendations by, among other things, taking actions to publicly report data on COVID-19 in state veterans homes. 

Defense Industrial Base 
DOD Should Take Actions to Strengthen Its Risk Mitigation Approach 
GAO-22-104154 
Published: Jul 07, 2022. 
Publicly Released: Jul 07, 2022. 
What GAO Found The Department of Defense's (DOD) Industrial Base Policy office does not yet have a consolidated and comprehensive strategy to mitigate risks to the industrial base—the companies that develop and manufacture technologies and weapon systems for DOD. 

Defense Health Care 
Actions Needed to Improve Billing and Collection of Debt for Civilian Emergency Care 
GAO-22-104770 
Published: Jul 07, 2022. 
Publicly Released: Jul 07, 2022. 
What GAO Found Department of Defense (DOD) documentation and officials have identified several benefits to providing care to civilian emergency patients at DOD medical treatment facilities (MTFs). 

Higher Education 
Testing Companies Most Commonly Granted Extra Time to Accommodate Individuals with Disabilities 
GAO-22-104430 
Published: Jun 06, 2022. 
Publicly Released: Jul 06, 2022. 
What GAO Found Companies that administer standardized higher education tests grant a variety of accommodations to help ensure their tests are accessible to individuals with disabilities. 

Priority Open Recommendations 
Office of Personnel Management 
GAO-22-105625 
Published: Jun 28, 2022. 
Publicly Released: Jul 05, 2022. 
What GAO Found In July 2021, GAO identified 14 priority recommendations for the Office of Personnel Management (OPM). Since then, OPM has implemented two of those recommendations. 

Priority Open Recommendations 
Department of Energy 
GAO-22-105599 
Published: Jun 27, 2022. 
Publicly Released: Jul 05, 2022
What GAO Found In June 2021, GAO identified 25 priority recommendations for the Department of Energy (DOE). 

Priority Open Recommendations 
Department of Education 
GAO-22-105622 
Published: Jun 28, 2022. 
Publicly Released: Jul 05, 2022. 
What GAO Found In June 2021, GAO identified seven priority recommendations for the Department of Education. 

GASB 

GASB Issues Enhanced Concepts for Notes to Financial Statements
July 7, 2022 

IASB 

July 2022 International Accounting Standards Board agenda and meeting papers available 
Meeting 
8 Jul 2022  

ISSB to hold inaugural meeting in Frankfurt 20-21 July, reaching an important milestone 
Meeting
8 Jul 2022  

Join the Staff—Administrative Assistant (Montreal office) 
Careers
6 Jul 2022

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