AICPA
Some Light Breaks Through Business Executives’ Gloom on U.S. Economy, AICPA & CIMA Survey Finds
March 8, 2023
CBO
Cost Estimate
H.R. 1149, Countering Untrusted Telecommunications Abroad Act
March 10, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 1189, Undersea Cable Control Act
March 10, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 839, China Exchange Rate Transparency Act of 2023
March 10, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
Cost Estimate
S. 141, Elizabeth Dole Home Care Act
March 10, 2023
As ordered reported by the Senate Committee on Veterans’ Affairs on February 16, 2023
Cost Estimate
H.R. 1157, Countering the PRC Malign Influence Fund Authorization Act of 2023
March 9, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 1159, A bill to amend the Taiwan Assurance Act of 2020 to require periodic reviews and updated reports relating to the Department of State’s Taiwan Guidelines
March 9, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 1376, COVID-19 Origin Act of 2023
March 9, 2023
As ordered reported by the House Permanent Select Committee on Intelligence on March 7, 2023
Working Paper
The Effects of Work Requirements on the Employment and Income of TANF Participants: Working Paper 2023-03
March 9, 2023
This working paper examines how Alabama’s recent expansion of its TANF work requirement to the parents of children between the ages of 6 months and 11 months affects their employment and income.
Report
Monthly Budget Review: February 2023
March 8, 2023
The federal budget deficit was $724 billion in the first five months of fiscal year 2023, CBO estimates—$248 billion more than the shortfall recorded during the same period last year.
Report
Testimony on the Congressional Budget Office’s Request for Appropriations for Fiscal Year 2024
March 8, 2023
CBO Director Phillip Swagel testifies before the House Appropriations Committee’s Subcommittee on the Legislative Branch.
Presentation
The Budget, the Economy, and the Budgetary Effects of Legislative Changes
March 8, 2023
A briefing by Phillip Swagel, CBO’s Director, for the U.S. House of Representatives.
Cost Estimate
H.J. Res. 27, Providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Army, Corps of Engineers, Department of Defense and the Environmental Protection Agency relating to “Revis
March 7, 2023
As reported by the House Committee on Transportation and Infrastructure on March 3, 2023
Cost Estimate
H.R. 1093, A bill to direct the Secretary of State to submit to Congress a report on implementation of the advanced capabilities pillar of the trilateral security partnership between Australia, the United Kingdom, and the United States
March 7, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 1107, PRC is Not a Developing Country Act
March 7, 2023
As ordered reported by the House Committee on Foreign Affairs on February 28, 2023
Cost Estimate
H.R. 803, Pressure Regulatory Organizations to End Chinese Threats to Taiwan Act
March 7, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
Cost Estimate
H.R. 1076, Preventing the Financing of Illegal Synthetic Drugs Act
March 6, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
FASB
FASB Names Seven New Members to Its Small Business Advisory Committee
March 9, 2023
GAO
Drug Manufacturing:
FDA Should Fully Assess Its Efforts to Encourage Innovation
GAO-23-105650
Published:
Publicly Released:
The Food and Drug Administration has promoted advanced manufacturing—i.e., innovative technologies—as a way to address drug shortages. For example, it approved 2 drugs made using advanced manufacturing to treat a COVID-19 complication. But we found that few drugs are manufactured using this technology, and the FDA doesn't know if all of its efforts to increase the technology's use are working. The agency hasn't formalized performance...
Weapon Systems Sustainment:
DOD Needs to Improve Its Reporting for Warehousing Pilot Program
GAO-23-105929
Published:
Publicly Released:
The military services and contractors use warehouses to store and distribute parts to repair weapon systems, among other things. The Defense Logistics Agency (DLA) has 400 warehouses, but contractors also use commercial warehouses. In 2017, Congress authorized a pilot program seeking to more fully use DLA warehouses and avoid paying for commercial space. We reviewed the agency's report on this program. We found that DOD...
Nuclear Weapons:
Technical Exceptions and Limitations Do Not Constrain DOD's Planning and Operations
GAO-23-105671
Published:
Publicly Released:
As it modernizes the U.S. nuclear stockpile, the National Nuclear Security Administration is working to ensure its continued safety and reliability. NNSA assesses the weapons prior to releasing them to the military services to ensure that they meet DOD's requirements for safety and performance. NNSA documents any exceptions and limitations that may be found as the weapons age and their parts need to be replaced...
Biodefense:
Actions Needed to Address Long-Standing Challenges
GAO-23-106476
Published:
Publicly Released:
The National Biodefense Strategy outlines how the federal government should prepare for and respond to biological incidents. The pandemic exposed shortcomings in federal response efforts. This snapshot highlights federal biodefense challenges and opportunities for improvement that we've identified. For instance, agencies have developed response plans and conducted interagency exercises to prepare for biological threats. However, they don't routinely work together to monitor exercise results in...
Payment Integrity:
Additional Coordination Is Needed for Assessing Risks in the Improper Payment Estimation Process for Advance Premium Tax Credits
GAO-23-105577
Published:
Publicly Released:
One option for buying health insurance plans in the U.S. is through marketplaces. The Affordable Care Act provided a tax credit in some cases to help individuals buy these plans. The U.S. government may pay this credit to insurance issuers in advance, which lowers the individual's monthly bill. We reviewed methods 5 states and the U.S. government used to keep ineligible people from using the...
Child Welfare:
HHS Is Taking Steps to Help States Support Relative Caregivers with Evidence-Based Programs
GAO-23-105624
Published:
Publicly Released:
When parents can't care for their children, relatives often step in as caregivers. To help these caregivers, states can access federal matching funds if they operate programs Health and Human Services determines to be evidence based. This requires states to evaluate programs to show positive impacts for families. But as of December 2022, no states have accessed these funds. Officials from all 5 states we...
Science & Tech Spotlight:
Securing Data for a Post-Quantum World
GAO-23-106559
Published: Cryptography uses math to secure or "encrypt" data—helping governments, businesses, and others protect sensitive information. While current encryption methods are nearly impossible for normal computers to break, quantum computers could quickly and easily break certain encryptions and put data at risk. This spotlight looks at how to better secure data before quantum computers capable of breaking those encryption methods are ready in possibly 10-20 years...
Vehicle Safety:
DOT Should Take Additional Actions to Improve the Information Obtained from Crash Test Dummies
GAO-23-105595
Published: Mar 8, 2023
Publicly Released: Mar 8, 2023
The National Highway Traffic Safety Administration uses data from crash test dummies to help improve vehicle safety. But the dummies may not represent diverse groups of people—like women, older people, or heavier individuals—making it hard to test whether vehicle safety features are effective for everyone. For example, the dummies may not adequately reflect females' greater risk of lower leg injuries in crashes than males. NHTSA...
Financial Technology:
Products Have Benefits and Risks to Underserved Consumers, and Regulatory Clarity Is Needed
GAO-23-105536
Published: Mar 8, 2023
Publicly Released: Mar 8, 2023
Financial technology—or "fintech"—provides consumers, who may not have access to accounts or credit via traditional banks, online access to financial services. For example, "earned wage access" products aim to help consumers get a portion of their paycheck before payday—money they've already earned, but not yet received. The Consumer Financial Protection Bureau has clarified that some earned wage access products aren't considered "credit"—so providers of these...
Financial Management:
DOD Needs to Improve System Oversight
GAO-23-104539
Published: Mar 7, 2023
Publicly Released: Mar 7, 2023
The Department of Defense can't accurately account for or report on its physical assets or spending. For more than 30 years DOD has tried to modernize its business and financial systems—spending billions of dollars a year on them. That's why DOD's business systems modernization and financial management efforts have been on our High Risk List since 1995. DOD hasn't fully developed guidance for overseeing these...
IASB
March 2023 International Accounting Standards Board agenda and meeting papers now available
Meeting
10 Mar 2023
Join the staff—Assistant Systems & Data Analyst
Careers
10 Mar 2023
ISSB to discuss International Applicability of the SASB Standards project at meeting on 16 March
Announcement
9 Mar 2023
IFRS Foundation and ISSB thank Janine Guillot for her contributions as special advisor
Announcement
9 Mar 2023
IASB concludes project to improve its approach to developing disclosure requirements in IFRS Accounting Standards
Project Summary
8 Mar 2023
Invitation for nominations for membership of the SME Implementation Group
Careers
7 Mar 2023
IRS
Tax Time Guide: Using electronic payment and agreement options for taxpayers who owe can help avoid penalties and interest
IR-2023-44, March 9, 2023 ― With the tax deadline approaching, the IRS reminded taxpayers they can avoid late filing and interest penalties by submitting their tax return and any payments due by April 18. For struggling taxpayers who can’t pay by the deadline, the IRS offers several different options to help.
IRS reminder to many retirees: Last day to start taking money out of IRAs and 401(k)s is April 1
IR-2023-43, March 9, 2023 — The Internal Revenue Service today reminded retirees who turned 72 during 2022 that, in most cases, Sunday, April 1, 2023, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.
2023 supplemental application period now open for Low Income Taxpayer Clinic grants
IR-2023-42, March 8, 2023 — The Internal Revenue Service today announced it will accept supplemental applications for Low Income Taxpayer Clinic (LITC) matching grants from all qualified organizations. The application period will run from March 7, 2023, to April 18, 2023.
IRS begins new Digital Intake initiative; Form 940 scanning process off to strong start; other forms to start soon
IR-2023-41, March 8, 2023 — As part of ongoing transformation efforts, the Internal Revenue Service announced today the successful expansion of digital scanning.
IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly
IR-2023-40, March 7, 2023 — The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file.
NYC
Commissioner Preston Niblack Testifies at the City Council Committee on Finance Hearing on the FY2024 Preliminary Budget
March 6, 2023
NYS
Superintendent Adrienne A. Harris Announces New York Department of Financial Services Takes Possession of Signature Bank
March 12, 2023
Superintendent Adrienne A. Harris Announces DFS Secures More Than $157.4 Million to Consumers & Health Providers in 2022
March 8, 2023
New Yorkers Encouraged To Educate Themselves Against Having their Private Information Compromised Online
March 7, 2023
SEC
SEC Charges Software Company Blackbaud Inc. for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors
2023-48, Washington D.C., March 9, 2023 — The Securities and Exchange Commission today announced that Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers.
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
2023-47, Washington D.C., March 7, 2023 — 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 96 soliciting entities, three impersonators of genuine firms, and five bogus regulators.
SEC Charges Rio Tinto plc with Bribery Controls Failures
2023-46, Washington D.C., March 6, 2023 — The Securities and Exchange Commission today announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea. The company has agreed to pay a $15 million civil penalty to settle the SEC’s charges.
TIGTA
Additional Actions Are Needed to Improve and Secure the Income Verification Express Service Program
March 8, 2023
The IRS Has Not Adequately Prioritized Federal Civilian Employee Nonfilers
March 6, 2023