AICPA
New AICPA & CIMA research shows deep divide among finance professionals about the future of finance
Apr 25, 2024
CBO
Report
Comparing the Compensation of Federal and Private-Sector Employees in 2022
April 25, 2024
Compared with private-sector employees, the average compensation costs for federal employees in 2022 were greater among workers whose education culminated in a bachelor’s degree or less, but lower among workers with more education.
Cost Estimate
H.R. 4866, Fire Weather Development Act of 2023
April 25, 2024
As reported by the House Committee on Science, Space, and Technology on September 22, 2023
Cost Estimate
H.R. 7070, Wildfire Response Improvement Act
April 25, 2024
As ordered reported by the House Committee on Transportation and Infrastructure on January 31, 2024
Presentation
The Federal Budget and Health Care Policy
April 25, 2024
Presentation by Phillip Swagel, CBO’s Director, at a conference organized by the Economic Policy Innovation Center and the Paragon Health Institute.
Presentation
How CBO Assists Lawmakers
April 24, 2024
Presentation by Mark Hadley, CBO's Chief Operating Officer and General Counsel, at the 2nd NABO-OECD Annual Conference of Asian Parliamentary Budget Officials.
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of April 29, 2024
April 24, 2024
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.
Cost Estimate
S. 2285, Native American Housing Assistance and Self-Determination Reauthorization Act of 2023
April 24, 2024
As ordered reported by the Senate Committee on Indian Affairs on July 19, 2023
Report
Transparency at CBO: Plans for 2024 and a Review of 2023
April 24, 2024
CBO's transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes.
Cost Estimate
H.R. 6727, United States Foundation for International Conservation Act of 2023
April 22, 2024
As ordered reported by the House Committee on Foreign Affairs on March 21, 2024
FASB
Private Company Council Meeting Recap—April 18, 2024
April 26, 2024
FASB Names Two New Members to Its Investor Advisory Committee
April 25, 2024
FASB Names Three New Members to Its Small Business Advisory Committee
April 25, 2024
GAO
National Mediation Board:
Agency Should Take Steps to Regularly Update Its Plans and Policies and Ensure Staff Receive Necessary Training
GAO-24-106828
Published: . Publicly Released: .
The National Mediation Board, a federal agency, helps railroads and airlines resolve labor disputes to avoid work stoppages and prevent disruptions to interstate commerce. We found that this agency has had challenges keeping important plans and policies current. For example, despite vacancies in nearly a third of its positions and almost half its staff eligible for retirement within 5 years, the agency had no process...
IRS Financial Reporting:
Improvements Needed in Information System and Other Controls
GAO-24-107185
Published: . Publicly Released: .Each year, we audit the IRS's financial statements and issue opinions regarding these statements and related internal controls (i.e., processes in place to ensure the proper authorization and recording of transactions). In our FY 2023 audit we identified new issues related to how IRS manages the security, access, and configuration of its IT systems. For example, IRS did not consistently create a plan of action...
Financial Literacy:
Better Outcome Reporting Could Facilitate Oversight of Programs for Older Adults and People with Disabilities
GAO-24-106381
Published: . Publicly Released: .
Older adults and people with disabilities can generally be vulnerable to financial distress, so it's important to help them understand and manage their finances. We found 24 examples of federal financial literacy programs for these groups, such as a curriculum for teaching older adults about scams and financial information for people with disabilities. A federal commission coordinates federal financial literacy efforts—but its reports aren't clear...
Federal Maritime Commission:
Improved Use of Data on Shippers' Complaints Could Enhance Oversight
GAO-24-106368
Published: . Publicly Released: .
During COVID-19 , high demand for cargo space disrupted the maritime shipping industry. Some companies that ship hazardous items raised concerns that ship operators prioritized consumer goods over their cargo, which is often less valuable. The Federal Maritime Commission investigates complaints about shipping practices. We found: Hazmat companies rarely filed complaints, partially due to not understanding the complaint process FMC doesn't collect specific data on...
IFRS
IFRS Foundation publishes 2023 Annual Report
Announcement
29 April 2024
April 2024 ISSB Update and podcast now available
Update
29 April 2024
April 2024 Sustainability Consultative Committee agenda and meeting papers now available
Meeting
26 April 2024
Join the staff—Taxonomy Digital—IASB Technical Staff
Careers
25 April 2024
ISSB to publish inaugural IFRS Sustainability Disclosure Taxonomy
Forthcoming publication
25 April 2024
IASB to issue IFRS 19 Subsidiaries without Public Accountability: Disclosures
Forthcoming publication
24 April 2024
Video explainer—what are the IFRS digital taxonomies?
Video
24 April 2024
IASB launches comprehensive review of accounting for intangibles
New project
23 Apr 2024
ISSB to commence research projects about risks and opportunities related to nature and human capital
Announcement
23 Apr 2024
IRS
IRS provides guidance for the 2024 allocation round for the Qualifying Advanced Energy Project Credit Program
IR-2024, April 29, 2024 — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-36 for owners of clean energy manufacturing and recycling projects, greenhouse gas emission reduction projects and critical material projects.
National Small Business Week 2024 begins; IRS offers tax resources, information to nation's entrepreneurs
IR-2024-123, April 26, 2024 — The IRS today offered helpful information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week, celebrating and recognizing the crucial contributions America's small businesses make to the nation's economy.
Direct File pilot officially closes after more than 140,000 taxpayers successfully use direct e-filing system in 12 states, including integration with 4 state tax systems
IR-2024-122, April 26, 2024 — The Internal Revenue Service announced the closure of the Direct File pilot with several hundred thousand taxpayers across 12 states signing up for Direct File accounts, and 140,803 taxpayers filing their federal tax returns using the new service.
Inflation Reduction Act implementation teams focus on enhanced taxpayer service with modern online tools and historic office hour sessions, bolstering clean energy initiatives
IR-2024-121, April 25, 2024 — With the funding from the Inflation Reduction Act (IRA), the Internal Revenue Service continues to help taxpayers in unique ways to take advantage of clean energy credits.
IRS releases final guidance on transfers of certain credits under the Inflation Reduction Act
IR-2024-120, April 25, 2024 — The Department of Treasury and Internal Revenue Service issued final regulations today describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations.
IRS Independent Office of Appeals forms Alternative Dispute Resolution Program Management Office
IR-2024-119, April 24, 2024 — The Internal Revenue Service Independent Office of Appeals today announced the formation of a new Alternative Dispute Resolution Program Management Office.
2025 Low Income Taxpayer Clinic grant application period now open
IR-2024-118, April 23, 2024 — The Internal Revenue Service today announced it will accept applications for Low Income Taxpayer Clinic matching grants from all qualified organizations.
Tax pros: Register now for the 2024 IRS Nationwide Tax Forum
IR-2024-117, April 22, 2024 — The IRS encourages tax professionals to register now for the 2024 IRS Nationwide Tax Forum, coming this summer to Chicago, Orlando, Baltimore, Dallas and San Diego.
NYS
Statement By DFS Superintendent Adrienne A. Harris on New York State FY25 Budget
April 22, 2024
SEC
SEC Small Business Advisory Committee to Discuss Regulation Crowdfunding and the State of Angel Investing
2024-50
Washington, D.C., April 25, 2024 — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Monday, May 6, 2024. The meeting will include a discussion of Regulation Crowdfunding (Reg CF) and activity and trends in angel investing. Members of the public can watch the live meeting via webcast on www.sec.gov.
SEC Staff Publishes New Registered Fund Statistics Report
2024-49
Washington D.C., April 24, 2024 — The staff of the Securities and Exchange Commission today published a new report of Registered Fund Statistics, which is based on aggregated data reported by SEC-registered funds on Form N-PORT. The new report, which will be updated on a quarterly basis, is designed to provide the public with a regular and detailed picture of the registered funds industry—with its more than 12,000 funds and more than $26 trillion in total net assets under management. The report provides key industry statistics and shows trends over time, including information and trends related to portfolio holdings, flows and returns, interest rate risk, and other exposures across U.S. mutual funds, exchange-traded funds, closed-end funds, and other registered funds.
TIGTA
Additional Actions Need to Be Taken to Identify and Address Noncompliant Biofuel Tax Credit Claims
April 24, 2024