AICPA
AICPA Proposes IRS FAQs Pertaining to 2022 Form 1040 Digital Asset Question
Feb. 27, 2023
CBO
Options for Reducing the Deficit
March 6, 2023
CBO’s Director, Phillip Swagel, uses the agency’s latest report on budget options to illustrate ways to reduce the deficit.
Cost Estimate
H.R. 140, Protecting Speech from Government Interference Act
March 2, 2023
As ordered reported by the House Committee on Oversight and Accountability on February 28, 2023
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of March 6, 2023
March 2, 2023
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. 326, VA Medicinal Cannabis Research Act of 2023
March 2, 2023
As ordered reported by the Senate Committee on Veterans’ Affairs on February 16, 2023
Interactive
CBO’s Waterfall Model for Projecting Discretionary Spending, March 2023
March 1, 2023
CBO's interactive tool allows users to simulate the agency's process for projecting discretionary budget authority and outlays for different types of spending over the course of 10 years.
Cost Estimate
S. 106, Commitment to Veteran Support and Outreach Act
March 1, 2023
As ordered reported by the Senate Committee on Veterans’ Affairs on February 16, 2023
Presentation
A Presentation About U.S. Hypersonic Weapons and Alternatives
February 28, 2023
Presentation by Corinne Kramer, an analyst in CBO’s National Security Division, as part of the Global Security Technical Webinar Series at the Massachusetts Institute of Technology.
Cost Estimate
H.J. Res. 30, Providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"
February 27, 2023
As posted on the Website of the House Committee on Rules on February 23, 2023
Cost Estimate
H.R. 347, Reduce Exacerbated Inflation Negatively Impacting the Nation Act
February 27, 2023
As posted by the House Committee on Rules on February 17, 2023
Cost Estimate
S. 30, Fiscal Year 2023 Veterans Affairs Major Medical Facility Authorization Act
February 27, 2023
As ordered reported by the Senate Committee on Veterans’ Affairs on February 16, 2023
Presentation
The Budget: Health Care, Energy, and Telecommunications
February 27, 2023
Presentation by Phillip Swagel, CBO’s Director, to the Republican Members of the House Energy and Commerce Committee.
FAF
Financial Accounting Foundation Trustees to Begin Livestream of Oversight Sessions
February 28, 2023
FASB
Financial Accounting Foundation Trustees to Begin Livestream of Oversight Sessions
February 28, 2023
GAO
Federal Rulemaking:
Trends at the End of Presidents' Terms Remained Generally Consistent across Administrations
GAO-23-105510
Published:
Publicly Released:
Federal agencies issue more regulations shortly before a president leaves office. This is often called "midnight rulemaking." We compared agency rulemaking in the last 120 days of the Trump administration to rulemaking in nontransition periods. In the Trump transition period, agencies published about 3 times more rules. During the 3 prior administrations' transition periods, agencies published about 2.5 times more rules. The Congressional Review Act...
Health Centers:
Trends in Revenue and Grants Supported by the Community Health Center Fund
GAO-23-106664
Published:
Publicly Released:
Community health centers provide outpatient health care in places where there aren't enough doctors or hospitals. In 2021, health centers served over 30 million people, regardless of their ability to pay. We testified on our prior work in this area. Health centers received $15.8 billion in grants from the federal Community Health Center Fund in FYs 2011-2017, with most of the funds paying for their...
2020 Census:
A More Complete Lessons Learned Process for Cost and Schedule Would Help the Next Decennial
GAO-23-105819
Published:
Publicly Released:
By the time work ends in 2024 on the 2020 Census, it will have cost $13.7 billion—which is below the Census Bureau's original estimate of $15.6 billion. This was partly due to increased productivity during data collection—such as by using laptops instead of paper and pen to collect census data. The Bureau has collected dozens of cost and schedule lessons from its 2020 Census experience...
Global Cybercrime:
Federal Agency Efforts to Address International Partners' Capacity to Combat Crime
GAO-23-104768
Published:
Publicly Released:
Cybercrimes—such as online identity theft, credit card fraud, and ransomware attacks—are multiplying in frequency and scale around the globe. The Departments of State, Justice, and Homeland Security are working with foreign nations to help combat these technology-driven crimes. Collaboration activities include information sharing with foreign partners on current threats and providing cyber training to foreign law enforcement. But as the lead agency responsible for foreign...
Domestic Terrorism:
Further Actions Needed to Strengthen FBI and DHS Collaboration to Counter Threats
GAO-23-104720
Published:
Publicly Released:
Incidents of domestic terrorism increased by 357% between 2013 and 2021. The FBI and the Department of Homeland Security are charged with collaborating to prevent domestic threats. Although they work together to counter threats, the agencies may need to update their current agreements to specify how they should collaborate to better address the constantly evolving threat of domestic terrorism. In addition, neither agency regularly assesses...
COVID-19 Relief:
Funding and Spending as of Jan. 31, 2023
GAO-23-106647
Published:
Publicly Released:
The federal government has provided about $4.6 trillion to help the nation respond to and recover from the COVID-19 pandemic. As part of our ongoing and comprehensive review of this response and recovery, we regularly report on federal COVID-19 spending. This snapshot updates the status of COVID-19 funding that we discussed in a prior testimony, and includes spent funds, funds that remain available, and more...
Capitol Attack:
Federal Agencies Identified Some Threats, but Did Not Fully Process and Share Information Prior to January 6, 2021
GAO-23-106625
Published:
Publicly Released:
As part of our comprehensive look at the events of January 6, 2021, we examined how federal agencies identified potential threats, and how they used this information to prepare for and respond to the Capitol attack. We found that all 10 federal agencies that we examined identified potential threats of violence before January 6, but some agencies either didn't follow their established policies or procedures...
DHS Financial Management:
Actions Needed to Improve Systems Modernization and Address Coast Guard Audit Issues
GAO-23-105194
Published:
Publicly Released:
There's still a lot of work to do to modernize the financial management systems at FEMA, Immigration and Customs Enforcement (ICE), and the Coast Guard within the Department of Homeland Security. FEMA and ICE are in the planning phases of their modernization efforts. The Coast Guard has begun using a new financial management system—part of a larger $510 million modernization effort—but it's not working as...
National Institute of Standards and Technology:
Improved Workforce Planning Needed to Address Recruitment and Retention Challenges
GAO-23-105521
Published:
Publicly Released:
The National Institute of Standards and Technology faces major challenges recruiting and retaining its highly specialized scientific and technical workforce. Such challenges include a dwindling candidate pool and difficulty recruiting a diverse workforce. In a previous report, we identified effective workforce planning strategies to aid recruiting and retention. NIST has partially implemented many of the best practices we identified, such as using incentive payments and...
Veterans Affairs:
Addressing Longstanding Management Challenges Requires Sustained Leadership
GAO-23-106636
Published:
Publicly Released:
The nation's veterans and their families rely on Veterans Affairs for health care and disability benefits. We testified on our body of work covering VA's longstanding challenges in: Ensuring that veterans get the health care they need Managing supply chains and VA's acquisition workforce to ensure VA medical centers get needed medical supplies Administering disability benefits to ensure that veterans get appropriate, timely compensation Securing...
Federal Workforce:
OPM Advances Efforts to Close Government-wide Skills Gaps but Needs a Plan to Improve Its Own Capacity
GAO-23-105528
Published:
Publicly Released:
The federal government needs a highly skilled and specialized workforce to carry out many of its missions, including cybersecurity or acquisitions. Federal agencies look to the Office of Personnel Management for guidance on closing gaps in the skills and experience of their workforces. But OPM has similar gaps of its own that could prevent it from helping other agencies. OPM has taken steps to address...
Bureau of Prisons:
Assessment of Health Care Reentry Policies and Procedures Needed
GAO-23-105610
Published:
Publicly Released:
The Federal Bureau of Prisons is responsible for the custody and care of inmates in its facilities. As inmates reenter society, some face challenges such as getting IDs or accessing health care. Federal law requires the Bureau to create procedures to help inmates apply for federal and state benefits—like Medicaid—when they are released. But the Bureau hasn't assessed whether its health care reentry policies and...
Tax Gap:
Modest Reductions in the Gap Could Yield Large Fiscal Benefits
GAO-23-106448
Published:
Publicly Released:
According to IRS estimates, taxpayers—people and businesses—collectively pay about 85% of the total taxes they owe. The difference between what taxpayers owe and what they pay on time is known as the tax gap, which IRS estimated to be $496 billion per year for tax years 2014-2016. In this snapshot, we identify factors—such as the complexity of tax laws—that contribute to the gap. We also...
Data Center Optimization:
Agencies Continue to Report Progress
GAO-23-105946
Published:
Publicly Released:
In 2010, the Office of Management and Budget began an effort to reduce the number of duplicative or outdated federal data centers. Legislation and other OMB efforts have followed. Our progress review found: Agencies closed 58 data centers in FY 2021 Agencies expected to close 78 centers in FY 2022 22 of 24 agencies met their savings goals for FY 2021, identifying $612 million in...
GASB
Financial Accounting Foundation Trustees to Begin Livestream of Oversight Sessions
February 28, 2023
IASB
Seven key takeaways from the IFRS Sustainability Symposium
News Summary
6 March 2023
March 2023 International Sustainability Standards Board agenda and meeting paper now available
6 March 2023
IFRS Foundation leaders meet with Prime Minister Fumio Kishida
Announcement
3 March 2023
February 2023 Accounting Standards Advisory Forum meeting summary now available
Meeting
3 March 2023
March 2023 IFRS Interpretations Committee agenda and meeting papers now available
Meeting
3 March 2023
New Albanian, Arabic, Simplified Chinese, French, Hebrew, Japanese, Kyrgyz, Romanian, Spanish and Uzbek translations available
Translated Content
2 March 2023
Representatives of the ISSB and the Sustainability Standards Board of Japan hold inaugural bilateral meeting in Japan
Announcement
2 March 2023
February 2023 monthly news summary now available
News Summary
1 March 2023
IFRS Foundation and FASF of Japan sign an MoU to extend support for the Foundation and its Asia-Oceania office in Tokyo
Announcement
1 March 2023
Join the staff—Marketing Operations Manager (maternity cover)
Careers
28 Feb 2023
Call for new members to join the GPF in June 2023
Announcement
28 Feb 2023
G20 focuses on launch of ISSB’s inaugural standards
Announcement
28 Feb 2023
IRS
IRS opens many Taxpayer Assistance Centers across the nation on March 11 for special Saturday hours and face-to-face help
IR-2023-39, March 6, 2023 — The IRS will again open on Saturday at many Taxpayer Assistance Centers across the country on March 11 from 9 a.m. to 4 p.m. as part of its efforts to improve service this tax season. Additional Saturday openings are planned for April 8 and May 13.
IRS warns taxpayers of new filing season scams involving Form W-2 wages; those filing fake returns face potential penalties, investigation
IR-2023-38, March 3, 2023 — The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund.
2023 IRS Nationwide Tax Forums to be held in five cities
IR-2023-37, March 2, 2023 — Registration for this summer’s 2023 IRS Nationwide Tax Forums is now open. The forums return to an in-person format in five cities across the nation for the first time since 2019.
Taxpayer Advocacy Panel welcomes 8 new members dedicated to improving IRS taxpayer services; seeks civic-minded volunteers to apply for next year’s group
IR-2023-36, March 2, 2023 — The Internal Revenue Service today announced the selection of eight new members to serve on the Taxpayer Advocacy Panel for 2023.
Tax Time Guide: IRS reminder to report all income; gig economy and service industry, digital or foreign assets and sources
IR-2023-35, March 1, 2023 — The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from the gig economy and service industry, transactions from digital assets, and foreign sources or holding certain foreign assets.
Farmers and fishers face March 1 tax deadline
IR-2023-34, Feb. 28, 2023 — The Internal Revenue Service today reminded businesses with income from farming or fishing that have not already made their estimated tax payments to file and pay their entire tax due on or before Wednesday, March 1, 2023.
NYS
Staten Island Locksmith Charged with Multiple Counts of Tax Fraud
March 3, 2023
Protect Yourself from Bad Tax Preparers: Know Your Rights
March 1, 2023
PCAOB
PCAOB Announces Agenda for March 9 Meeting of Its Investor Advisory Group
March 2, 2023
SEC
SEC Files Emergency Action Against Miami Investment Adviser BKCoin and Principal Kevin Kang for Orchestrating $100 Million Crypto Fraud Scheme
2022-45, March 6, 2023 —The Securities and Exchange Commission today announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, in connection with a crypto asset fraud scheme. From at least October 2018 through September 2022, BKCoin raised approximately $100 million from at least 55 investors to invest in crypto assets, but BKCoin and Kang instead used some of the money to make Ponzi-like payments and for personal use.
SEC Charges Silver Edge Financial and Equity Acquisition Company With Unregistered Broker-Dealer Activity Relating to Pre-IPO Funds
2023-44, Washington D.C., March 3, 2023 — The Securities and Exchange Commission today charged Silver Edge Financial LLC, Equity Acquisition Company Ltd. (EAC), the owners of both companies, and sales staff of Silver Edge Financial with unregistered broker-dealer activity relating to their sales of interests in shares of various pre-IPO companies.
SEC Charges Global Transportation Company Greenbrier and Former CEO for Failing to Disclose Perks and Payments
2023-43, Washington D.C., March 2, 2023 — The Securities and Exchange Commission today announced settled charges against Oregon-based freight transportation supply company, The Greenbrier Companies Inc., and its founder and former CEO and Chairman, William A. Furman, for failing to disclose perks provided to Furman and other Greenbrier executives and compensation Furman received from Greenbrier’s charters of Furman’s private plane for travel by company executives, including Furman. Greenbrier and Furman agreed to pay $1 million and $100,000 in civil penalties, respectively, to settle the charges.
SEC Charges Ontrak Chairman Terren Peizer With Insider Trading
2023-42, Washington D.C., March 1, 2023 — The Securities and Exchange Commission today charged Terren S. Peizer, Executive Chairman of the Santa Monica, California-based healthcare treatment company Ontrak Inc., with insider trading for selling more than $20 million of Ontrak stock between May and August 2021 while in possession of material nonpublic negative information related to the company’s largest customer.
Fee Rate Advisory #3 for Fiscal Year 2023
2023-41, Washington D.C., March 1, 2023 — Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2023 is not required. These adjustments do not directly affect the amount of funding available to the SEC.
SEC Charges Nishad Singh with Defrauding Investors in Crypto Asset Trading Platform FTX
2023-40, Washington D.C., Feb. 28, 2023 — The Securities and Exchange Commission today charged Nishad Singh, the former Co-Lead Engineer of FTX Trading Ltd. (FTX), for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang. Investigations into other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.