IRS employees may have violated policies and procedures governing the direct contact of represented taxpayers, the Treasury Inspector General for Tax Administration (TIGTA) found. TIGTA also found that the agency has yet to develop a system to identify employee violations of the direct contact provisions,

The Securities and Exchange Commission (SEC) voted to adopt new requirements for private funds, which manage more than $25 trillion in gross assets for pension plans, university endowments and wealthy individuals.

The Public Company Accounting Oversight Board (PCAOB) has levied severe penalties against Denver-based accounting form AJ Robbins CPA LLC, permanently revoking its registration, permanently barring owner Allan Jeffrie Robbins from association with any registered firm, and fining the firm a total of $150,000.