AICPA
Scholarship Fund Launched to Expand the CPA Pipeline
June 27, 2024
CBO
Cost Estimate
H.R. 5441, Long Island Sound Restoration and Stewardship Reauthorization Act of 2023
June 27, 2024
As ordered reported by the House Committee on Natural Resources on June 12, 2024
Cost Estimate
H.R. 6008, R.I.C.E.’s Whale Act
June 27, 2024
As ordered reported by the House Committee on Natural Resources on November 8, 2023
Report
An Analysis of the Discretionary Spending Proposals in the President’s 2025 Budget
June 27, 2024
CBO describes the discretionary spending proposals in the President’s 2025 budget and compares them with CBO’s most recent baseline budget projections, which span the years from 2024 to 2034.
Cost Estimate
H.R. 5535, Insurance Data Protection Act
June 27, 2024
As ordered reported by the House Committee on Financial Services on April 17, 2024
Cost Estimate
H.R. 7437, Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision Act
June 27, 2024
As ordered reported by the House Committee on Financial Services on April 17, 2024
Cost Estimate
H.R. 7734, Personnel Integrity in Veterans Affairs Act of 2024
June 27, 2024
As ordered reported by the House Committee on Veterans’ Affairs on May 1, 2024
Cost Estimate
S. 3335, Retired Law Enforcement Officers Continuing Service Act
June 27, 2024
As reported by the Senate Committee on the Judiciary on June 5, 2024
Cost Estimate
S. 3971, Small Business Contracting Transparency Act of 2024
June 27, 2024
As reported by the Senate Committee on Small Business and Entrepreneurship on May 23, 2024
Cost Estimate
Estimated Direct Spending Effects of H.R. 5074
June 26, 2024
As posted on the website of the House Committee on Ways and Means on March 6, 2024
Cost Estimate
Estimated Direct Spending Effects of H.R. 7512
June 26, 2024
As posted on the website of the House Committee on Ways and Means on March 6, 2024
Cost Estimate
Estimated Direct Spending Effects of H.R. 7513
June 26, 2024
As posted on the website of the House Committee on Ways and Means on March 6, 2024
Cost Estimate
H.R. 6606, a bill to amend the Export Control Reform Act of 2018 relating to the statement of policy
June 26, 2024
As ordered reported by the House Committee on Foreign Affairs on December 13, 2023
Cost Estimate
H.R. 7626, Affordable Air Conditioning Act
June 26, 2024
As reported by the House Committee on Energy and Commerce on April 10, 2024
Cost Estimate
H.R. 7637, Refrigerator Freedom Act
June 26, 2024
As reported by the House Committee on Energy and Commerce on April 10, 2024
Cost Estimate
H.R. 7645, Clothes Dryer Reliability Act
June 26, 2024
As reported by the House Committee on Energy and Commerce on April 10, 2024
Cost Estimate
H.R. 7673, Liberty in Laundry Act
June 26, 2024
As reported by the House Committee on Energy and Commerce on April 10, 2024
Cost Estimate
H.R. 7700, Stop Unaffordable Dishwasher Standards Act
June 26, 2024
As reported by the House Committee on Energy and Commerce on April 10, 2024
Cost Estimate
H.R. 6140, FAST PASS Act
June 25, 2024
As ordered reported by the House Committee on Transportation and Infrastructure on March 20, 2024
Cost Estimate
H.R. 7589, ROUTERS Act
June 25, 2024
As reported by the House Committee on Energy and Commerce on May 14, 2024
Cost Estimate
H.R. 8333, BIOSECURE Act
June 25, 2024
As ordered reported by the House Committee on Oversight and Accountability on May 15, 2024
Cost Estimate
S. 2278, Border Enforcement, Security, and Trade (BEST) Facilitation Act of 2023
June 25, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on April 10, 2024
Cost Estimate
S. 4062, CATCH Fentanyl Act
June 25, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on April 10, 2024
Presentation
An Update to the Economic Outlook for 2024 to 2034 in 20 Slides
June 24, 2024
This slide deck highlights CBO’s key findings about the outlook for the economy as described in its report "An Update to the Budget and Economic Outlook: 2024 to 2034."
Cost Estimate
H.R. 1657, Lake Winnibigoshish Land Exchange Act of 2024
June 24, 2024
As ordered reported by the House Committee on Natural Resources on March 12, 2024
Cost Estimate
H.R. 4688, an act to direct the Administrator of General Services to sell the property known as the Webster School
June 24, 2024
As reported by the Senate Committee on the Environment and Public Works on May 22, 2024
Cost Estimate
H.R. 7987, Plain Language in Contracting Act
June 24, 2024
As reported by the Senate Committee on Small Business and Entrepreneurship on May 23, 2024
FASB
Private Company Council Meeting Recap—June 24, 2024
June 28, 2024
GAO
U.S. Marshals Service:
Actions Needed to Better Identify and Address Detention Condition Concerns
GAO-24-106348
Published: . Publicly Released: .
The U.S. Marshals Service detains about 60,000 people a day who are awaiting federal trial or sentencing. While it doesn't operate jails, it does partner with public and private detention facilities. The service assesses detention conditions at these facilities. We found shortcomings in its oversight. For example, many deputies who reviewed state and local facilities hadn't received required training. Additionally, some facilities didn't meet some...
Financial Audit Manual:
Volume 2, June 2024
GAO-24-107279
Published: . Publicly Released: .The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources. This June 2024 revision replaces Financial Audit Manual, Volume 2 (May 2023 version) and contains detailed implementation guidance. The FAM also consists of: Volume 1: the audit methodology Volume 3: the Federal Financial Reporting...
Financial Audit Manual:
Volume 1, June 2024
GAO-24-107278
Published: . Publicly Released: .
The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources. This June 2024 revision replaces Financial Audit Manual, Volume 1 (May 2023 version) and contains the audit methodology. The FAM also consists of: Volume 2: detailed implementation guidance Volume 3: the Federal Financial Reporting...
HUD Rental Assistance:
Improved Guidance and Oversight Needed for Utility Allowances
GAO-24-105532
Published: . Publicly Released: .
Over 3 million low-income households get federal rental assistance from local public housing agencies. Most of those households pay utilities separately from rent and get a federal utility allowance to help cover them. But the Department of Housing and Urban Development doesn't comprehensively monitor whether utility allowances are current and reasonable. For example, at least 97,000 households got the same amount for 4 years, although...
Improper Payments:
Key Concepts and Information on Programs with High Rates or Lacking Estimates
GAO-24-107482
Published: . Publicly Released: .
In FY 2023, federal agencies reported an estimated $236 billion in improper payments—ones that shouldn't have been made, were made in an incorrect amount, or lacked sufficient supporting documentation. Estimating improper payments is a key step in helping agencies identify their causes and ways to reduce them. This Q&A report—the sixth in a series of quarterly reports—examines this process and more. For example, for FY...
Federal Advertising:
Fourteen Percent of Contract Obligations in the Past Decade Went to Small Disadvantaged Businesses and Those Owned by Women and Minorities
GAO-24-107021
Published: Jun 27, 2024 Publicly Released: Jun 27, 2024
The federal government spent $14.9 billion on advertising contracts over the last 10 fiscal years to inform the public about programs and services, among other things. The government provides contract opportunities to businesses owned by minorities, women, and other socially or economically disadvantaged groups. We found that contracts with these businesses represented about 14% of total federal advertising spending, or $2.1 billion, during FYs 2014-2023...
Hunger and Homelessness:
Funding Distribution for Key Programs [Reissued with revisions on Jun. 27, 2024]
GAO-23-105458
Published: Jun 27, 2023 Publicly Released: Jun 27, 2024
The COVID-19 pandemic, inflation, and increased housing costs raised questions about whether more U.S. households are experiencing hunger and homelessness. We reviewed key federal programs that provide food or housing assistance to people experiencing or at risk of homelessness. Federal funding for such programs generally increased in FY 2017-2022. These programs use various criteria to determine the amount of funding to jurisdictions, but normally don't...
Financial Audit Manual:
Volume 2, June 2024
GAO-24-107279
Published: Jun 27, 2024 Publicly Released: Jun 27, 2024
The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources. This June 2024 revision replaces Financial Audit Manual, Volume 2 (May 2023 version) and contains detailed implementation guidance. The FAM also consists of: Volume 1: the audit methodology Volume 3: the Federal Financial Reporting...
Financial Audit Manual:
Volume 1, June 2024
GAO-24-107278
Published: Jun 27, 2024 Publicly Released: Jun 27, 2024
The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources. This June 2024 revision replaces Financial Audit Manual, Volume 1 (May 2023 version) and contains the audit methodology. The FAM also consists of: Volume 2: detailed implementation guidance Volume 3: the Federal Financial Reporting...
HUD Rental Assistance:
Improved Guidance and Oversight Needed for Utility Allowances
GAO-24-105532
Published: Jun 27, 2024 Publicly Released: Jun 27, 2024
Over 3 million low-income households get federal rental assistance from local public housing agencies. Most of those households pay utilities separately from rent and get a federal utility allowance to help cover them. But the Department of Housing and Urban Development doesn't comprehensively monitor whether utility allowances are current and reasonable. For example, at least 97,000 households got the same amount for 4 years, although...
Improper Payments:
Key Concepts and Information on Programs with High Rates or Lacking Estimates\
GAO-24-107482
Published: Jun 27, 2024 Publicly Released: Jun 27, 2024
In FY 2023, federal agencies reported an estimated $236 billion in improper payments—ones that shouldn't have been made, were made in an incorrect amount, or lacked sufficient supporting documentation. Estimating improper payments is a key step in helping agencies identify their causes and ways to reduce them. This Q&A report—the sixth in a series of quarterly reports—examines this process and more. For example, for FY...
Standards for Internal Control in the Federal Government:
2024 Exposure Draft
GAO-24-106889
Published: Jun 27, 2024 Publicly Released: Jun 27, 2024
Our "Green Book"— Standards for Internal Control in the Federal Government—provides the framework for establishing and maintaining an effective internal control system. Internal control is a process designed to help an entity achieve its objectives. Our proposed changes provide requirements, guidance, and resources to address risks related to fraud, improper payments, information security, and the implementation of new or changed programs, including emergency assistance programs...
Veterans Health Care:
VHA is Taking Steps but Has Not Completed Implementing Priority Recommendations to Improve Its Oversight of Regional Networks
GAO-24-107641
Published: Jun 26, 2024 Publicly Released: Jun 26, 2024
This statement for the Congressional Record discusses the status of recommendations to improve the Veterans Health Administration's oversight of its health care system. VHA has 18 regional networks that oversee 172 medical centers serving veterans. To help VHA address challenges in overseeing its networks and their management, we've made 42 recommendations since 2015. We highlight 2 recommendations for VHA to prioritize: Clearly define networks' roles...
Personnel Vetting:
DOD Needs to Improve Management of the National Background Investigation Services Program
GAO-24-107616
Published: Jun 26, 2024 Publicly Released: Jun 26, 2024
An agency within DOD conducts background investigations for most federal agencies. It does so through a combination of old IT systems previously owned by the Office of Personnel Management, and the new, not-fully-developed National Background Investigation Services IT system. This testimony discusses our prior work on DOD's schedule and cost estimate for the new IT system, among other things. For example, in 2021 and 2023...
Higher Education:
Opportunities Exist to Improve Federal Oversight of Alleged Employment Discrimination at Colleges and Universities
GAO-24-107661
Published: Jun 26, 2024 Publicly Released: Jun 26, 2024
Colleges are subject to federal laws prohibiting employment discrimination, but some faculty still experience discrimination. In this testimony we report that faculty and other employees filed about 20,000 complaints alleging employment discrimination at colleges from fiscal years 2011 through 2021. Faculty can file complaints with the Equal Employment Opportunity Commission or the Department of Education—which refers almost all of them to EEOC. However: Education takes...
Missile Defense:
Next Generation Interceptor Program Should Take Steps to Reduce Risk and Improve Efficiency
GAO-24-106315
Published: Jun 26, 2026 Publicly Released: Jun 26, 2024
The Department of Defense's Missile Defense Agency develops systems to detect attacks and track, intercept, and destroy missiles in flight. Currently, MDA is developing a new system—the Next Generation Interceptor—to defend against complex attacks. MDA hasn't addressed significant risks with its development of the interceptor. For example, MDA hasn't fully addressed direction from senior DOD officials to ensure the interceptor can respond to evolving threats...
Federal Real Property:
Efforts to Incorporate Climate Vulnerabilities and Environmental Justice into Asset Management
GAO-24-106420
Published: Jun 26, 2024 Publicly Released: Jun 26, 2024
We reviewed how federal agencies manage their property—including buildings, roads, and dams—with respect to climate-related events and environmental justice issues. We reviewed 13 agencies and found they all consider disasters and climate-related threats, such as wildfires and hurricanes, when managing their property. For example, agencies ranked potential investments—such as construction projects—based on various factors, including climate vulnerabilities. These agencies are also taking steps to consider...
Food and Drug Administration:
Office of the Executive Secretariat's Processes for Correspondence Were Consistent with Selected Internal Control Standards
GAO-24-107305
Published: Jun 25, 2024 Publicly Released: Jun 25, 2024
The Food and Drug Administration helps ensure the safety of human medical products and more than 80% of the U.S. food supply, among other things. The Food and Drug Omnibus Reform Act of 2022 includes a provision that we assess how an office within FDA handles correspondence for FDA's Commissioner. The office receives letters and emails that its staff must determine where to route. Correspondence...
Priority Open Recommendations:
National Aeronautics and Space Administration
GAO-24-107387
Published: Jun 17, 2024 Publicly Released: Jun 24, 2024
Each year, we make more than 1,000 recommendations to help improve the federal government. We alert department heads to where they can save the most money, address issues on our High Risk List, or significantly improve government operations. This letter to NASA outlines 5 open recommendations that NASA should prioritize. For example, we recommended that NASA improve long-term cost estimates for human spaceflight programs, including...
Department of Energy:
Actions Needed to Assess U.S. Manufacturing Policy and Protect Technology from Foreign Acquisition
GAO-24-106504
Published: May 23, 2024 Publicly Released: Jun 24, 2024
Billions of taxpayer dollars are invested in technology development at universities and Department of Energy labs. Energy technologies can boost the economy with new products, companies, and jobs. But these benefits can end up overseas if the technologies are manufactured abroad. In 2021, DOE tightened restrictions on foreign manufacturing of technology it funded. But it doesn't yet know how it will assess whether this policy...
Tribal Broadband:
Additional Assistance to Recipients Would Better Support Implementation of $3 Billion in Federal Grants
GAO-24-106541
Published: Jun 24, 2024 Publicly Released: Jun 24, 2024
The National Telecommunications and Information Administration provides grants through the Tribal Broadband Connectivity Program to expand broadband access on tribal lands. The grants reached 31 recipients who haven't received federal broadband help before. Some grants will help Tribes build their own networks. These networks will serve areas that have not attracted private-sector investment due to their remote location and low population density. But it will...
DOD Food Program:
Additional Actions Needed to Implement, Oversee, and Evaluate Nutrition Efforts for Service Members
GAO-24-106155
Published: Jun 24, 2024 Publicly Released: Jun 24, 2024
Poor health and nutrition are growing challenges for the U.S. military. DOD relies on various food service operations to feed service members on its bases. DOD has taken steps to implement a color-coded nutrition labeling program at its dining facilities, but facilities we reviewed didn't consistently do so. For example, some color codes were missing, not standardized, or improperly placed. DOD also could do more...
IASB
June 2024 IASB podcast now available
Podcast
28 June 2024
Michel Madelain appointed as IFRS Foundation Managing Director
Appointment
28 June 2024
IFC and IFRS Foundation announce partnership to improve sustainability reporting in emerging markets
Announcement
27 June 2024
Complexity in focus—keynote address by the IASB Chair
Speech
26 June 2024
Join the staff—Project Management Office Manager
Careers
24 June 3 2024
June 2024 IASB and joint IASB–FASB Update now available
Update
24 June 2024
June 2024 Integrated Reporting and Connectivity Council agenda and meeting papers now availableMeeting
24 June 2024
IRS
IRS provides tax relief for taxpayers impacted by severe storms, straight-line winds, tornadoes and flooding in Mississippi; various deadlines postponed to Nov. 1, 2024
IR-2024-176, June 27, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in Mississippi that were affected by severe storms, straight-line winds, tornadoes and flooding that began on April 8, 2024.
Electronic Tax Administration Advisory Committee 2024 Annual Report includes recommendations to Congress and IRS
IR-2024-175, June 26, 2024 — The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) released its 2024 annual report today with a total of 12 recommendations – three to Congress and nine to the IRS.
IRS sending settlement offer letters in July to certain taxpayers who participated in Syndicated Conservation Easement transactions
IR-2024-174, June 26, 2024 — The Internal Revenue Service today announced the mailing of a time-limited settlement offer for certain taxpayers who participated in Syndicated Conservation Easements (SCE) and substantially similar transactions that are under audit in the IRS’s Large Business & International and Small Business and Self-Employed divisions.
National Taxpayer Advocate issues mid-year report to Congress; highlights filing season challenges and focuses on strategic priorities
IR-2024-173, June 26, 2024 — National Taxpayer Advocate Erin M. Collins today released her statutorily mandated mid-year report to Congress.
IRS statement as part of the resolution of Kenneth C. Griffin v. IRS, Case No. 22-cv-24023 (S.D. Fla.)
IR-2024-172, June 25, 2024 — The Internal Revenue Service sincerely apologizes to Mr. Kenneth Griffin and the thousands of other Americans whose personal information was leaked to the press.
SEC
SEC Adopts Tailored Registration Form for Offerings of Registered Index-Linked and Registered Market-Value Adjustment Annuities
2024-81Washington D.C., July 1, 2024 —The Securities and Exchange Commission today adopted tailored disclosure requirements and offering processes for offerings of registered index-linked annuities (RILAs) and registered market value adjustment annuities (registered MVA annuities, and collectively with RILAs, non-variable annuities). The final rule will require issuers of non-variable annuities to register offerings on Form N-4, the form currently used to register offerings of most variable annuities. This change will provide investors with tailored disclosures and key information about these complex products and modernize and enhance the registration, filing, and disclosure framework for non-variable annuities.
2024-80
Washington D.C., July 1, 2024 — The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for both in-person and virtual attendance of their Compliance Outreach Program for municipal market professionals. The event is open to the public and will take place on Wednesday, Nov. 20, and Thursday, Nov. 21, 2024, at the Byron Rogers Federal Building in Denver, Colorado.
SEC Charges Consensys Software for Unregistered Offers and Sales of Securities through its MetaMask Staking Service
2024-79
Washington D.C., June 28, 2024 — The Securities and Exchange Commission today charged Consensys Software Inc. with engaging in the unregistered offer and sale of securities through a service it calls MetaMask Staking and with operating as an unregistered broker through MetaMask Staking and another service it calls MetaMask Swaps.
SEC Office of the Investor Advocate Delivers Report to Congress on Objectives for Fiscal Year 2025
2024-78
Washington D.C., June 27, 2024 — The Securities and Exchange Commission’s Office of the Investor Advocate today delivered its Report to Congress on the Office’s objectives for fiscal year 2025.
SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations
2024-77
Washington D.C., June 25, 2024 — The Securities and Exchange Commission today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. The company has agreed to settle the SEC’s charges in an administrative proceeding, while the SEC’s litigation against Brda and Palikaras will proceed in federal district court.
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
2024-76
Washington D.C., June 24, 2024 — The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 24 soliciting entities, six impersonators of genuine firms, and four bogus regulators.
TIGTA
Opportunities Exist to Improve Taxpayer Service to Underserved, Underrepresented, and Rural Communities
June 25, 2024
Inflation Reduction Act: Interim Results of the Direct File Pilot
June 25, 2024