AICPA

CBO

Report
A Guide for Choosing Graphics
May 19, 2023
CBO's graphics guide contains examples of the wide variety of graphics that have been produced for publications at the agency. It also includes examples of how various techniques can be applied to graphics to help convey their message.

Cost Estimate
H.J. Res. 46, a joint resolution providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Marine Fisheries Service relating to "Endangered and Threatened Wildlife and Plants; Regulations
May 19, 2023
As ordered reported by the House Committee on Natural Resources on April 28, 2023

Cost Estimate
H.R. 1530, Veterans Benefits Improvement Act of 2023
May 19, 2023
As ordered reported by the House Committee on Veterans’ Affairs on April 28, 2023

Cost Estimate
H.R. 2797, Equal Opportunity for All Investors Act of 2023
May 19, 2023
As ordered reported by the House Committee on Financial Services on April 26, 2023

Cost Estimate
H.R. 750, CAUTION Act of 2023
May 19, 2023
As ordered reported by the House Committee on Energy and Commerce on March 9, 2023

Cost Estimate
S. 932, No CORRUPTION Act
May 19, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 29, 2023

Report
An Analysis of the Discretionary Spending Proposals in the President’s 2024 Budget
May 18, 2023
CBO examines how the discretionary spending proposals in the President’s 2024 budget compare with CBO’s most recent baseline budget projections, which span 2023 to 2033.

Cost Estimate
H.J. Res. 45, a joint resolution providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to ‘‘Waivers and Modifications of Federal Student Loans’’
May 18, 2023
As ordered reported by the House Committee on Education and the Workforce on May 10, 2023

Cost Estimate
H.R. 467, HALT Fentanyl Act
May 18, 2023
As ordered reported by the House Committee on Energy and Commerce on March 24, 2023

Cost Estimate
H.R. 662, Block Grant Assistance Act of 2023
May 18, 2023
As ordered reported by the House Committee on Agriculture on May 11, 2023

Report
Large Constellations of Low-Altitude Satellites: A Primer
May 17, 2023
CBO provides an introduction to the basics of satellites and constellations, describes the reasons for and consequences of the projected growth in large constellations, and discusses the costs of fielding those constellations.

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of May 22, 2023
May 17, 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. 1240, Millennium Challenge Corporation Candidate Country Reform Act
May 17, 2023
As reported by the Senate Committee on Foreign Relations on May 4, 2023

Cost Estimate
S. 1308, a bill to amend the Indian Self-Determination and Education Assistance Act to extend the deadline for the Secretary of the Interior to promulgate regulations implementing title IV of that Act, and for other purposes
May 17, 2023
As ordered reported by the Senate Committee on Indian Affairs on May 3, 2023

Cost Estimate
S. 460, Urban Indian Health Confer Act
May 17, 2023
As ordered reported by the Senate Committee on Indian Affairs on March 29, 2023

Cost Estimate
S. 682, Providing Appropriate Recognition and Treatment Needed to Enhance Relations with ASEAN Act
May 17, 2023
As reported by the Senate Committee on Foreign Relations on May 4, 2023

Report
Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues
May 16, 2023
CBO provides information about how its most recent budget projections would change under different assumptions about future legislated policies.

Presentation
Federal Health Spending Update
May 16, 2023
Presentation on federal health care spending by Carrie Colla, Director of CBO's Health Analysis Division, at a Trustee Briefing of the Committee for Economic Development of The Conference Board.

Cost Estimate
H.R. 1529, Veterans’ Compensation Cost-of-Living Adjustment Act of 2023
May 16, 2023
As ordered reported by the House Committee on Veterans’ Affairs on April 28, 2023

Cost Estimate
H.R. 1669, VET–TEC Authorization Act of 2023
May 16, 2023
As ordered reported by the House Committee on Veterans’ Affairs on April 28, 2023

Cost Estimate
S. 797, United States Legal Gold and Mining Partnership Act
May 16, 2023
As reported by the Senate Committee on Foreign Relations on May 4, 2023

Cost Estimate
H.R. 3091, Federal Law Enforcement Officer Service Weapon Purchase Act
May 15, 2023
As ordered reported by the House Committee on the Judiciary on May 10, 2023

FASB

Investor Advisory Committee Meeting Recap—May 11, 2023
May 19, 2023

GAO

Cloud Security:
Selected Agencies Need to Fully Implement Key Practices
GAO-23-105482
Published: May 18, 2023
Publicly Released: May 18, 2023
Cloud services—on-demand access to shared resources such as networks, servers, and data storage—can help federal agencies deliver better IT services for less money. But without effective security measures, these services can make agencies vulnerable to risks such as cyberattacks. We looked at how four agencies implemented key cloud security practices—like having a plan to respond to incidents. While the agencies implemented some of the security...

COVID Relief:
Fraud Schemes and Indicators in SBA Pandemic Programs
GAO-23-105331
Published: May 18, 2023
Publicly Released: May 18, 2023
The Small Business Administration provided $1 trillion to help small businesses during the pandemic. But in some instances funds went to fraudsters—the Department of Justice charged hundreds of individuals and is investigating many more. We flagged 3.7 million recipients of SBA funds as having warning signs consistent with potential fraud. Such "indicators" aren’t proof of fraud, which is why we referred them for further review...

Information and Communications Technology:
DOD Needs to Fully Implement Foundational Practices to Manage Supply Chain Risks
GAO-23-105612
Published: May 18, 2023
Publicly Released: May 18, 2023
IT and communications technologies use parts and services from around the globe. Emerging threats in the supply chain for these technologies can put federal agencies—including DOD—at risk. For example, communications hardware with compromised components could lead to the loss of sensitive data. Of our practices for managing agency-wide supply chain risks, DOD addressed 4 and partially addressed the other 3. Specifically, DOD still needs to...

Advanced Pilot Trainer:
Program Success Hinges on Better Managing Its Schedule and Providing Oversight
GAO-23-106205
Published: May 18, 2023
Publicly Released: May 18, 2023
The Air Force has been using the same aircraft to train pilots for over 60 years, even as military plane designs have evolved. A new system of modern training jets and simulators is in the works, but is nearly a decade behind initial plans. Also, the Air Force's delivery schedule for the new training system isn't realistic. The schedule doesn't account for the risk of...

Electronic Health Records:
VA Needs to Address Management Challenges with New System
GAO-23-106731
Published: May 18, 2023
Publicly Released: May 18, 2023
Veterans Affairs is in the process of replacing its IT system used to maintain veterans' health records—and has deployed its new system to a few locations. But the new system has presented issues for some users. For example, many users said that they weren't adequately trained to use it. They also said that having to use the new system had decreased morale and job satisfaction...

Missile Defense:
Annual Goals Unmet for Deliveries and Testing
GAO-23-106011
Published: May 18, 2023
Publicly Released: May 18, 2023
The Department of Defense's Missile Defense Agency develops systems to detect attacks and track, intercept, and destroy missiles in flight. Every year, MDA sets goals for the systems it plans to deliver to the military and the tests it plans to conduct. We found that MDA did not meet these goals in FY 2022. The agency didn't deliver all of its planned interceptors and radar...

Management Report:
Continued Improvements Needed in FDIC's Internal Control over Contract Documentation and Payment-Review Processes
GAO-23-106656
Published: May 18, 2023
Publicly Released: May 18, 2023
The Federal Deposit Insurance Corporation helps maintain stability and public confidence in the nation's financial system. During our 2021-2022 financial statement audit of the two funds that the FDIC administers (the Deposit Insurance Fund and the Federal Savings and Loan Insurance Corporation Resolution Fund), we continued to identify issues—what auditors call a "significant deficiency." These issues related to how the FDIC ensures that its payments...

Priority Open Recommendations:
Office of the Director of National Intelligence
GAO-23-106579
Published: May 11, 2023
Publicly Released: May 18, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Office of the Director of National Intelligence outlines 19 open recommendations that it should prioritize. These recommendations are intended to address management issues related to business functions and systems, facilities, workforce, and personnel vetting...

Priority Open Recommendations:
General Services Administration
GAO-23-106474
Published: May 11, 2023
Publicly Released: May 18, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the General Services Administration outlines 6 open recommendations that it should prioritize. For example, GSA could save millions of dollars by helping ensure that federal agencies make use of excess personal property—things like office chairs...

Social Security Series Part 1:
The Dilemma
GAO-23-106667
Published: May 18, 2023
Publicly Released: May 18, 2023
Social Security is a major source of income for millions of retirees and other Americans. As program costs continue to exceed revenues, the fund that supports payments for retirees and their families is projected to be unable to pay full benefits in 10 years. This brief updates our 2015 report on Social Security and examines financial issues the program faces. The sooner policymakers address the...

Priority Open Recommendations:
Department of the Interior
GAO-23-106461
Published: May 11, 2023
Publicly Released: May 18, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Department of the Interior outlines 12 open recommendations that it should prioritize. For example, Interior should improve its oversight of offshore oil and gas activities, and address the safety and environmental risks associated with...

Priority Open Recommendations:
Office of Science and Technology Policy
GAO-23-106571
Published: May 10, 2023
Publicly Released: May 17, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Office of Science and Technology Policy (OSTP) outlines 7 open recommendations that it should prioritize. For example, we recommended that OSTP work with other agencies to improve how they collaborate—such as by defining common...

Aviation Workforce:
Current and Future Availability of Airline Pilots and Aircraft Mechanics
GAO-23-105571
Published: May 17, 2023
Publicly Released: May 17, 2023
The demand for commercial airline travel rebounded after the COVID-19 pandemic, heightening the need for pilots and mechanics. But while the number of pilots has grown in recent years, there may not be enough of them to meet airlines' needs in the future. There also may not be enough mechanics to maintain airplanes. To make aviation careers more attractive, airlines and maintenance facilities are offering...

Priority Open Recommendations:
Department of Health and Human Services
GAO-23-106467
Published: May 10, 2023
Publicly Released: May 17, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Department of Health and Human Services outlines 45 open recommendations that it should prioritize. For example, HHS should identify how it will increase U.S. production of medical supplies to help ease future global supply...

FEMA:
Opportunities to Strengthen Management and Address Increasing Challenges
GAO-23-106840
Published: May 17, 2023
Publicly Released: May 17, 2023
This testimony discusses FEMA's strategic plan and challenges the agency faces when leading national preparation for and response to disasters. The agency's work is complicated by longstanding workforce management issues and a fragmented federal approach to disaster recovery. The agency is short-staffed, and it's unclear if hiring efforts will be effective. Additionally, the government's disaster response programs are spread across 30 different agencies, making it...

Priority Open Recommendations:
Department of State
GAO-23-106531
Published: May 10, 2023
Publicly Released: May 17, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the State Department outlines 12 open recommendations that it should prioritize. For example, revenue from passport and visa fees dropped during COVID-19, and may not return to pre-pandemic levels for several years. We recommended that...

Sustainable Aviation Fuel:
Agencies Should Track Progress Toward Ambitious Federal Goals [Reissued with Revisions May 17, 2023]
GAO-23-105300
Published: Mar 23, 2023
Publicly Released: May 17, 2023
To reduce aviation greenhouse gas emissions, the White House issued a "Grand Challenge" that aims to increase the production of sustainable jet fuel to 3 billion gallons per year by 2030. Its goal is also to produce enough fuel to meet 100% of commercial jet fuel demand by 2050. Currently, this fuel is used at two large airports, but accounts for less than 0.1% of...

Priority Open Recommendations:
Nuclear Regulatory Commission
GAO-23-106462
Published: May 10, 2023
Publicly Released: May 17, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Nuclear Regulatory Commission (NRC) outlines 8 open recommendations that it should prioritize. For example, NRC should add extra security features—such as multifactor authentication—to its licensing process for possessing radioactive material. This would make it...

K-12 Education:
Additional Guidance Could Improve the Equitable Services Process for School Districts and Private Schools
GAO-23-105469
Published: Apr 17, 2023
Publicly Released: May 17, 2023
Students who attend nonprofit private schools may be eligible for the same services—such as tutoring and English language services—as public school students. These federally funded services are provided by school districts. States must designate a specialist to address inquiries and concerns about such services. We surveyed these specialists and found that many felt they didn't have enough guidance and training on their roles or on...

Priority Open Recommendations:
Department of Justice
GAO-23-106484
Published: May 10, 2023
Publicly Released: May 17, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Department of Justice outlines 13 open recommendations that it should prioritize. The recommendations relate to opioids, the federal prison system, FBI whistleblowers, immigration courts, and cybersecurity. DOJ implemented 3 recommendations we identified as a...

Emergency Alerts:
NOAA Should Take Additional Actions to Help Ensure Tsunami Alerts Reach Those at Risk GAO-23-105961
Published: May 16, 2023
Publicly Released: May 16, 2023
It's critical that the public receive alerts about destructive tsunamis. The National Oceanic and Atmospheric Administration sends tsunami alerts to the public via: Emergency broadcast messages on TV and radio Emergency texts on mobile devices Social media posts and website alerts NOAA has taken steps to improve how it alerts the public, such as updating its website to allow easy access to critical information during...

Noncompete Agreements:
Use is Widespread to Protect Business' Stated Interests, Restricts Job Mobility, and May Affect Wages
GAO-23-103785
Published: May 11, 2023
Publicly Released: May 16, 2023
Noncompete agreements can restrict workers from seeking employment with a competitor or from starting a competing business. These agreements can help companies protect confidential information, but they can also lead to less job mobility and lower wages for workers. Employers have historically used these agreements for highly skilled workers and executives with access to trade secrets or other proprietary information. However, employers we surveyed reported...

Veterans Health Care:
Staffing Challenges and Recommendations for Improvement
GAO-23-106836
Published: May 17, 2023
Publicly Released: May 16, 2023
The Veterans Health Administration operates the nation's largest health care system. In recent years, VHA has had difficulty attracting and retaining enough staff to meet the growing health care needs of veterans. We testified about our recent work on VHA's workforce challenges, including: meeting staffing needs to manage referrals to health care providers outside of VHA recruiting and retaining mental health care staff to provide...

Servicemembers Transitioning to Civilian Life:
DOD Could Enhance the Transition Assistance Program by Better Leveraging Performance Information
GAO-23-106793
Published: May 17, 2023
Publicly Released: May 16, 2023
The Transition Assistance Program helps servicemembers choose a career, pursue higher education, or find a job after military service. The program tailors support to individuals' needs based on how prepared they are to enter civilian life. We testified that nearly 25% of servicemembers who needed maximum support didn't attend a mandatory 2-day class. And most servicemembers didn't start the program at least 1 year before...

Artificial Intelligence:
Key Practices to Help Ensure Accountability in Federal Use
GAO-23-106811
Published: May 16, 2023
Publicly Released: May 16, 2023
Artificial intelligence is a rapidly evolving technology that presents operational and workforce challenges for the federal government. We testified on our key practices for the responsible use of AI in federal agencies. The practices are organized around four principles—governance, data, performance, and monitoring. For example, "monitoring" calls for agencies to ensure AI systems remain reliable and relevant over time. Also, there is a severe shortage...

Priority Open Recommendations:
U.S. Agency for International Development
GAO-23-106534
Published: May 9, 2023
Publicly Released: May 16, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to USAID outlines the 2 open recommendations that it should prioritize. For example, one recommendation is for USAID to establish performance goals that will help it assess its progress on a global food security initiative. USAID...

Priority Open Recommendations:
Department of Labor
GAO-23-106464
Published: May 9, 2023
Publicly Released: May 16, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Department of Labor outlines 11 open recommendations that it should prioritize. For example, we recommended that it examine and publicly report on the extent and potential causes of racial and ethnic inequities in the...

Priority Open Recommendations:
Environmental Protection Agency
GAO-23-106460
Published: May 9, 2020
Publicly Released: May 16, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Environmental Protection Agency outlines 15 open recommendations that it should prioritize. For example, 4 of the recommendations would help EPA protect bodies of freshwater by monitoring, forecasting, and preventing algae overgrowths that can make...

Priority Open Recommendations:
Department of Transportation
GAO-23-106477
Published: May 9, 2023
Publicly Released: May 16, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the U.S. Department of Transportation outlines 20 open recommendations that it should prioritize. For example, in January 2023, we recommended that DOT develop a comprehensive strategy to safely integrate drones into the national airspace. DOT...

Priority Open Recommendations:
Social Security Administration
GAO-23-106466
Published: May 9, 2023
Publicly Released: May 16, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Social Security Administration outlines 4 open recommendations that it should prioritize. For example, one of these recommendations would help SSA safeguard recipients' personal data by ensuring privacy officials are reviewing and approving protections for...

Priority Open Recommendations:
Department of Housing and Urban Development
GAO-23-106349
Published: May 9, 2023
Publicly Released: May 16, 2023
Each year, we make more than 1,000 recommendations to help the federal government save money, address issues on our High Risk List, and significantly improve government operations. This letter to the Department of Housing and Urban Development outlines 11 open recommendations to prioritize. For example, HUD's "Point-in-Time" counts may underestimate the number of persons experiencing homelessness and may not accurately reflect changes in this population...

Homelessness:
Enhanced Coordination Could Improve Disaster Shelter and Housing Assistance
GAO-23-105379
Published: May 16, 2023
Publicly Released: May 16, 2023
People experiencing homelessness, who may be in shelters or living on the streets, may be vulnerable and most severely affected by disasters like hurricanes. Two federal agencies—the Department of Housing and Urban Development (HUD) and Federal Emergency Management Agency (FEMA)—provide funding to state and local governments that can help assist the homeless population during a disaster. However, HUD and FEMA don't regularly work together on...

Health Care Capsule:
Accessing Health Care in Rural America
GAO-23-106651
Published: May 16, 2023
Publicly Released: May 16, 2023
This Health Care Capsule summarizes our work on health care access in rural areas. Rural residents face several access challenges, including: Fewer health care providers, which limits access to specialized services Longer travel distances to get to health care and fewer transportation options than urban areas Less broadband internet, which limits access to telehealth services We've recommended that federal agencies learn more about the needs...

Grants Management:
Actions Needed to Improve Agency Reporting of Expired Grants
GAO-23-105700
Published: Apr 13, 2023
Publicly Released: May 15, 2023
Each year, federal agencies award hundreds of billions of dollars in grants. After each grant ends, the awarding agency generally has 1 year to officially close out the grant. Until then, unspent funds from the grant can't be used for any other purpose. Grants that aren't closed out in time are considered "expired." Agencies must report on expired grants with unspent funds. However, some parts...

DOD Financial Management:
Additional Actions Needed to Achieve a Clean Audit Opinion on DOD’s Financial Statements GAO-23-105784
Published: May 15, 2023
Publicly Released: May 15, 2023
DOD has been working to improve its long-standing financial management problems and achieve its goal of a "clean" audit opinion on its financial statements. A clean opinion is when auditors find that the statements are presented fairly and consistent with accounting principles. DOD has taken steps, such as developing corrective actions and roadmaps, to get to a clean audit opinion. But we found DOD's plans...

Cybersecurity:
DOT Defined Roles and Responsibilities, but Additional Oversight Needed
GAO-23-106031
Published: May 15, 2023
Publicly Released: May 15, 2023
The Department of Transportation has established cybersecurity roles and responsibilities for officials that manage cybersecurity at agencies within the department. DOT's Chief Information Officer regularly communicates with staff about cyber threats, and provides cybersecurity tools and technical assistance. However, we found that DOT could improve how it implements cybersecurity policies. For example, DOT reviewed component agency cybersecurity programs for agencies within the department, but didn't...

Vehicle Safety:
Extent of Open Recalls among Ridesharing Vehicles
GAO-23-105996
Published: May 15, 2023
Publicly Released: May 15, 2023
Ridesharing services such as Uber and Lyft connect passengers with drivers via mobile apps. Most ridesharing drivers use their personal vehicles. All passenger vehicles can be subject to recalls—when automakers notify car owners that certain repairs are needed for safety. Most drivers aren't legally required to fix recalled cars, and ridesharing passengers don't know the recall status of their rides. About 16% of ridesharing vehicles...

IASB

IASB Research Forum 2024—call for papers
Call for Papers
22 May 2023

May 2023 ISSB Update and podcast now available
Update
19 May 2023

IASB to issue International Tax Reform—Pillar Two Model Rules
Forthcoming Publication
19 May 2023

Join the staff—IT Support Technician, Frankfurt
Careers
18 May 2023

Join the staff—Media Relations Manager
Careers
18 May 2023

IFRS Accounting Taxonomy 2022 now available in Korean, Japanese, Spanish and Ukrainian
Translated Content
17 May 2023

IFRS for SMEs Accounting Standard educational material: the effects of climate-related matters on financial statements
Feature
16 May 2023

Join the staff—Project Team Coordinator
Careers
16 May 2023

March 2023 Capital Markets Advisory Committee meeting summary now available
Meeting
16 May 2023

IASB moves Equity Method project to standard-setting work plan
Webcast
16 May 2023

IRS

IRS submits Direct File report to Congress; Treasury Department directs pilot to evaluate key issues
IR-2023-103, May 16, 2023 — The IRS submitted a report today to Congress evaluating a Direct File option for taxpayers and is taking steps to begin a pilot project for the 2024 filing season following a directive from the Treasury Department.

PCAOB

PCAOB Revises Standard-Setting Agenda and Adds Rulemaking Projects to Enhance Investor Protection
May 16, 2023

SEC

Mellissa Campbell Duru Named Division of Corporation Finance’s Deputy Director for Legal and Regulatory Policy
2023-96
Washington D.C., May 19, 2023 — The Securities and Exchange Commission today announced that Mellissa Campbell Duru has been named Deputy Director for Legal and Regulatory Policy in the Division of Corporation Finance. Ms. Duru most recently was a Special Counsel at Covington & Burling LLP and previously spent more than 15 years in various SEC roles.

SEC Proposes Rule Amendments and New Rule to Improve Risk Management and Resilience of Covered Clearing Agencies
2023-95
Washington D.C., May 17, 2023 — The Securities and Exchange Commission today proposed rule changes that would improve the resilience and recovery and wind-down planning of covered clearing agencies. The proposal would amend the existing rules regarding intraday margin and the use of substantive inputs to a covered clearing agency’s risk-based margin system and add a new rule to establish requirements for the contents of a covered clearing agency’s recovery and wind-down plan.

SEC Charges 10 Microcap Companies with Securities Offering Registration Violations
2023-94
Washington D.C., May 16, 2023 — The Securities and Exchange Commission today announced charges against 10 microcap companies for offering and selling securities in unregistered offerings that failed to comply with Regulation A, which provides a limited exemption from registration under the Securities Act to allow companies to raise money from the public as long as they meet specific requirements.

SEC Charges Red Rock Secured, Three Executives in Fraud Scheme Targeting Retirement Accounts
2023-93
Washington D.C., May 15, 2023 — The Securities and Exchange Commission today announced charges against El Segundo, California-based Red Rock Secured LLC, its CEO, Sean Kelly, and two of its former Senior Account Executives, Anthony Spencer and Jeffrey Ward, in connection with a fraudulent scheme that involved convincing hundreds of investors to sell securities in their retirement accounts to buy gold and silver coins at prices that included markups far greater than the defendants had promised.

TIGTA

Assessment of the Internal Revenue Service’s Active Shooter Readiness and Training
Report Number 2023-IE-R005
May 15, 2023

Fiscal Year 2022 Improper Payment Reporting Requirements Were Largely Met; However, Improper Payment Estimates Are Less Precise
Report Number 2023-40-032
May 12, 2023

Interim Results of the 2023 Filing Season
Report Number 2023-40-029
May 10, 2023

Additional Actions Are Needed to Reduce Accounts Management Function Inventories to Below Pre‑Pandemic Levels
Report Number 2023-46-026
May 10, 2023