AICPA
Keynote speakers announced for AICPA & CIMA ENGAGE CFO Strategy & Innovation Summit 2024
October 13, 2024
CBO
Cost Estimate
S. 2492, Ending Improper Payments to Deceased People Act
October 9, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2024
Cost Estimate
H.R. 7776, Help Hoover Dam Act
October 8, 2024
As ordered reported by the House Committee on Natural Resources on June 12, 2024
Cost Estimate
H.R. 8068, Stop the Baseline Bloat Act of 2024
October 8, 2024
As ordered reported by the House Committee on the Budget on September 25, 2024
Cost Estimate
H.R. 9686, HEALTH Panel Act
October 8, 2024
As ordered reported by the House Committee on the Budget on September 25, 2024
Cost Estimate
H.R. 9711, Congressional Budget Office Scheduling Reform Act
October 8, 2024
As ordered reported by the House Committee on the Budget on September 25, 2024
Cost Estimate
H.R. 9714, CBO Oversight Act
October 8, 2024
As ordered reported by the House Committee on the Budget on September 25, 2024
Cost Estimate
H.R. 9716, Increasing Baseline Updates Act
October 8, 2024
As ordered reported by the House Committee on the Budget on September 25, 2024
Cost Estimate
H.R. 9751, Executive Action Cost Transparency Act
October 8, 2024
As ordered reported by the House Committee on the Budget on September 25, 2024
Report
October 8, 2024
CBO estimates the budgetary effects of an illustrative policy that would authorize Medicare to cover anti-obesity medications. The policy would apply to all beneficiaries with obesity and some beneficiaries who are classified as overweight.
Report
October 8, 2024
The federal budget deficit was $1.8 trillion in fiscal year 2024, CBO estimates. The estimated deficit for 2024 was $139 billion more than the shortfall recorded during fiscal year 2023.
Cost Estimate
October 8, 2024
As ordered reported by Senate Committee on Homeland Security and Governmental Affairs on September 18, 2024
Blog Post
October 8, 2024
CBO's Director, Phillip Swagel, discusses his upcoming and recent presentations about the fiscal outlook and fiscal policy.
Cost Estimate
October 7, 2024
As reported by the House Committee on Education and the Workforce on October 1, 2024
Report
October 7, 2024
CBO describes how it selects and uses discount rates to produce estimates for a wide range of federal activities that can have budgetary effects far into the future.
FASB
GAO-25-107111
Published: Oct 10, 2024 . Publicly Released: Oct 10, 2024 .
Federal student loan payments were paused for more than 3 years due to COVID-19. Payments resumed in October 2023. This Q&A report looks at how the Department of Education communicated with borrowers about resuming their payments. Before payments resumed, Education notified borrowers about the upcoming change via email, text message, social media, and its website. It also sent information to borrowers about temporary relief options...
GAO-25-105286
Published: Oct 10, 2024 . Publicly Released: Oct 10, 2024 .
The Department of Defense continues to work toward its goal of improving its financial management. To help, DOD can use workforce planning strategies to determine its financial management staffing needs, and fill any gaps it finds. Although DOD has some information on its federal financial management workforce, it doesn't know how many contractors it has, or what they do. This makes it harder to identify...
GAO-24-106770
Published: Sep 10, 2024 . Publicly Released: Oct 10, 2024 .
Synthetic identity fraud—combining made-up and real information to fake an identity—is a growing concern for financial institutions, like banks, especially as their systems go digital. In response, the Social Security Administration spent $62 million on a new service to help banks verify Social Security numbers. A 2018 law required SSA to recover the cost of rolling out the service from its users. However, low participation...
Homelessness: Actions to Help Better Address Older Adults' Housing and Health Needs
GAO-24-106300
Published: Sep 9, 2024 . Publicly Released: Oct 9, 2024 .
An estimated 138,000 older adults experienced homelessness on a single night in 2023. We interviewed service providers and other stakeholders, and older adults (aged 55 and up) who had experienced homelessness. Providers said finding affordable housing with accessibility features such as grab bars was particularly difficult. Similarly, older adults may need hard-to-find services such as home health care once in housing. More clearly defined goals...
GASB
Meeting
11 Oct 2024
Meeting
Webcast
8 Oct 2024
IRS
IR-2024-267, Oct. 11, 2024 — The Internal Revenue Service announced today in Revenue Procedure 2024-39 that grants certain applicable entities that are making an elective payment election a six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return, with relevant schedules and forms.
IR-2024-266, Oct. 11, 2024 — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service today reassured victims that it stands ready to provide the tax-related assistance they need to recover from these storms.
IR-2024-265, Oct. 11, 2024 — In response to disruptions resulting from Hurricane Milton, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout the state of Florida.
IR-2024-264, Oct. 11, 2024 — Due to Hurricane Milton, the Internal Revenue Service today announced relief for individuals and businesses in 51 counties in Florida.
IR-2024-263, Oct. 10, 2024 —The IRS announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims.
IR-2024-262, Oct. 10, 2024 — The Internal Revenue Service today released the tax gap projections for tax year 2022, a detailed analysis showing the nation’s projected gross tax gap at $696 billion. This reflects the difference between projected ‘true’ tax liability and the amount of tax that is actually paid on time.
IR-2024-261, Oct. 7, 2024 — The Department of the Treasury and the IRS today issued proposed regulations addressing the federal tax classification of corporations or LLCs that are owned entirely by Indian Tribal governments (Tribes) and formed under the laws of the Tribes that own them. Generally, entities formed under the laws of a Tribe are known as Tribal law entities.
IR-2024-259, October 7, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain syndicated conservation easement transactions as "listed transactions" – abusive tax transactions that must be reported to the IRS.
SEC
SEC Charges U.S.-Based Moog Inc. with FCPA Violations for Subsidiary’s Role in Indian Bribery Scheme
2024-170
Washington D.C., Oct. 11, 2024 —The Securities and Exchange Commission today announced that Moog Inc., a New York-based global manufacturer of motion controls systems for aerospace, defense, industrial and medical markets, agreed to pay a civil penalty of $1.1 million to resolve the SEC’s charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its wholly owned Indian subsidiary, Moog Motion Controls Private Limited (Moog Motion Controls).
2024-169
Washington D.C., Oct. 10, 2024 — The Securities and Exchange Commission today charged Chicago-based Cumberland DRW LLC with operating as an unregistered dealer in more than $2 billion of crypto assets offered and sold as securities, in violation of the registration requirements of the federal securities laws that are designed to protect investors.
2024-168
Washington D.C., Oct. 10, 2024 — The Securities and Exchange Commission today announced a $12 million award to be split among three joint whistleblowers who provided critical information and assistance in an SEC enforcement action.
2024-167
Washington D.C., Oct. 10, 2024 — The Securities and Exchange Commission today announced charges against Rimar Capital USA, Inc. (Rimar USA), Rimar Capital, LLC (Rimar LLC), Itai Liptz, and Clifford Boro for making false and misleading statements about Rimar LLC’s purported use of artificial intelligence, or AI, to perform automated trading for client accounts and numerous other material misrepresentations. The parties agreed to settle the SEC’s charges and pay $310,000 in total civil penalties.
2024-166
Washington D.C., Oct. 9, 2024 — The Securities and Exchange Commission today announced fraud charges against three companies purporting to be market makers and nine individuals for engaging in schemes to manipulate the markets for various crypto assets being offered and sold as securities to retail investors. As alleged, the schemes were intended to induce investor victims to purchase the crypto assets by creating the false appearance of an active trading market for them.
Washington D.C., Oct. 9, 2024 — The Securities and Exchange Commission today charged Minerco Inc. (former over-the-counter ticker: MINE), Bobby Shumake Japhia, and Julius Makiri Jenge, for their roles in an alleged pump-and-dump scheme that defrauded investors out of approximately $8 million while generating millions of dollars in ill-gotten proceeds from sales of Minerco stock.
2024-164
Washington D.C., Oct. 9, 2024 — The Securities and Exchange Commission is closely monitoring the impact of Hurricane Milton on investors and capital markets. The SEC also continues to monitor the prior impact of Hurricane Helene.