AICPA
CIMA and Datamaran announce ESG offering for finance professionals
May 28, 2024
AICPA Submits Suggestions for the 2024-2025 Guidance Priority List
May 28, 2024
New AICPA Chair to Prioritize the Value, Innovation and Opportunity for Future Accounting Professionals
May 22, 2024
AICPA Honors Robert J. Kueppers with the Gold Medal of Distinction
May 22, 2024
AICPA & CIMA CEO announces retirement
May 22, 2024
CBO
Cost Estimate
H.R. 7323, Montgomery GI Bill Selected Reserves Tuition Fairness Act of 2024
May 24, 2024
As ordered reported by the House Committee on Veterans’ Affairs on May 1, 2024
Cost Estimate
S. 3626, Conforming Procedures for Federal Task and Delivery Order Contracts Act of 2024
May 24, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on January 31, 2024
Cost Estimate
H.R. 3591, Asylum Accountability Act of 2024
May 23, 2024
As ordered reported by the House Committee on the Judiciary on
April 17, 2024
Cost Estimate
H.R. 4848, Censorship Accountability Act
May 23, 2024
As ordered reported by the House Committee on the Judiciary on February 29, 2024
Cost Estimate
H.R. 6324, Fiscal Year 2024 Veterans Affairs Major Medical Facility Authorization Act
May 23, 2024
As ordered reported by the House Committee on Veterans’ Affairs on May 1, 2024
Cost Estimate
H.R. 6538, VA Correct Compensation Act of 2023
May 23, 2024
As ordered reported by the House Committee on Veterans’ Affairs on May 1, 2024
Cost Estimate
H.R. 7832, Emerging Innovative Border Technologies Act
May 23, 2024
As ordered reported by the House Committee on Homeland Security on April 10, 2024
Cost Estimate
S. 1881, Restoring Sovereignty and Human Rights in Nicaragua Act of 2024
May 23, 2024
As reported by the Senate Committee on Foreign Relations on May 7, 2024
Report
Testimony on Hospital and Physician Consolidation and Its Impact on the Federal Budget
May 23, 2024
Chapin White, CBO's Director of Health Analysis, testifies before the House Committee on the Budget.
Cost Estimate
H.R. 7150, Survivor Benefits Delivery Improvement Act of 2024
May 22, 2024
As ordered reported by the House Committee on Veterans’ Affairs on May 1, 2024
Cost Estimate
H.R. 4763, Financial Innovation and Technology for the 21st Century Act
May 21, 2024
As posted on the website of the House Committee on Rules on May 10, 2024, and amended by Manager’s Amendment 30
Cost Estimate
H.R. 5794, Veterans Affairs Peer Review Neutrality Act of 2023
May 21, 2024
As ordered reported by the House Committee on Veterans' Affairs on May 1, 2024
Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
May 21, 2024
CBO analyzed the effects on the budget and the economy of eight scenarios that differ from those underlying the agency’s extended baseline—six that vary economic conditions and two that vary budgetary conditions.
Cost Estimate
H.R. 5528, Safe and Smart Federal Purchasing Act
May 20, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2024
GASB
Financial Accounting Foundation Board of Trustees Seeks Nominations for Governmental Accounting Standards Board (GASB) Member
May 22, 2024
GAO
Commercial Space Transportation:
How FAA Considers Environmental and Airspace Effects
GAO-24-106193
Published:
Publicly Released: Commercial space transportation companies use privately-owned launch vehicles to transport people and cargo, like satellites, to and from space. Commercial space operations enable essential activities such as digital communication and navigation. The Federal Aviation Administration is responsible for licensing these companies. To do so, it assesses how their activities affect the environment. In addition, before each launch, FAA also looks at how the launch may...
Priority Open Recommendations:
Department of Education
GAO-24-107296
Published:
Publicly Released:
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 Education outlines 5 open recommendations that it should prioritize. For example, we recommended that Education help states address financial risks associated with charter school management organizations and improve reporting on restraint and...
Priority Open Recommendations:
Environmental Protection Agency
GAO-24-107310
Published:
Publicly Released:
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 12 open recommendations that it should prioritize. For example, we recommended that the EPA develop and issue new regulations to help meet water quality standards in the nation's lakes, rivers...
VA Health Care:
Additional Assessments of Mileage Reimbursement Data and Veterans' Travel Costs Needed
GAO-24-106816
Published:
Publicly Released:
The Veterans Health Administration's mileage reimbursement benefit helps defray costs for eligible veterans who travel to receive medical care. Veterans' use of the benefit declined during the COVID-19 pandemic when VHA shifted most care to telehealth. However, VHA doesn't know how different types of veterans use the benefit—which may be useful. For example, VHA may want to determine how often rural veterans use the benefit...
Long-Term Care:
Information on the Ombudsman Program
GAO-24-107209
Published:
Publicly Released:
The federal Long-Term Care Ombudsman Program aims to protect the health and welfare of residents in long-term care facilities. Through federal funding, each state has a program that provides various services to long-term care residents, including resolving complaints and advocating for systemic improvements. State programs were responsible for serving over 3 million residents across 76,000 facilities in FY 2022. In this Q&A, we interviewed state...
Emergency Rental Assistance:
Treasury Should Improve Data Completeness and Public Reporting
GAO-24-107084
Published:
Publicly Released:
Treasury's $47 billion Emergency Rental Assistance program helps low-income households affected by the pandemic pay rent and utilities. As in our prior work, Treasury doesn't have complete data on payments or households. For example, for our new review, Treasury told us that 10% of grantees—with $787 million in funds—didn't report data on payments to households as of June 30, 2023. Also, the risk of potential...
Federal Workforce:
Leading Practices Related to Diversity, Equity, Inclusion, and Accessibility
GAO-24-106684
Published:
Publicly Released:
As the nation's largest employer, the federal government strives to be a model for diversity, equity, inclusion, and accessibility—DEIA. Federal agencies are expected to establish and maintain a productive workforce that provides opportunities for all employees to excel. This report updates our 2005 leading practices for DEIA management. These practices—such as ensuring leadership commitment—can help agencies improve their DEIA programs. We also cover key considerations...
Military Health Care:
DOD and VA Could Benefit from More Information on Staff Use of Military Toxic Exposure Records
GAO-24-106423
Published:
Publicly Released:
Military service members and veterans may have health issues from their exposure to toxic substances during military service—such as smoke and harmful emissions from open-air burn pits. In 2019, DOD and the VA launched a web-based tool to compile data on individuals' service-related toxic exposures. Staff can use information from the tool to provide health care, process disability claims, and conduct research. But without tracking...
Military Justice:
Increased Oversight, Data Collection, and Analysis Could Aid Assessment of Racial Disparities
GAO-24-106386
Published:
Publicly Released:
The Army, Navy, and Air Force were required to report to Congress on racial disparities in the military justice system. But the military departments don't collect and centrally maintain data for some parts of the military justice process—such as some investigations that are subject to commander discretion. They also differ in how they collect, analyze, and present data on racial and ethnic disparities, which makes...
Southwest Border:
Additional Guidance and Monitoring Needed to Improve Cbp's Handling of Personal Property
GAO-24-106540
Published:
Publicly Released:
Customs and Border Protection may hold noncitizens in short-term custody in facilities along the southwest border. CBP is to collect their personal property, store it, and return it when they're released. CBP has guidance for handling personal property, but some of it is unclear, resulting in field locations interpreting it differently. For example, some locations discard property over a certain amount or size, while others...
Veterans Affairs:
Actions Needed to Improve Access to Care in the U.S. Territories and Freely Associated States
GAO-24-106364
Published:
Publicly Released:
VA provides health care and other benefits to veterans in the U.S., its 5 territories, and 3 Pacific countries known as the freely associated states. VA estimates the size of the veteran population to allocate resources but is unsure if estimates are accurate for veterans in territories and freely associated states. Some local stakeholders have found the estimates to be low. Veterans in these areas...
Black Lung Benefits Program:
Lack of Resolution on Coal Operator Self-Insurance Increases Financial Risk to Trust Fund
GAO-24-107597
Published:
Publicly Released:
The federal Black Lung Disability Trust Fund pays benefits to coal miners in certain circumstances, such as when the liable mine operator doesn't pay. But the Trust consistently borrows from the Treasury's general fund to cover costs. The Department of Labor oversees the self-insurance program for coal mine operators. In 2020, it started making changes to this program to address our previous recommendations to help...
Virus Field Research:
Policy Options to Help Reduce Risks and Enhance Benefits
GAO-24-106759
Published:
Publicly Released:
Virus field research is the collection and study of virus samples from wildlife and the environment. It helps scientists monitor viruses that might transfer from infected animals to people, such as SARS. Experts told us this research improves scientific knowledge of viruses and provides necessary data that can help agencies respond to and predict outbreaks. But researchers may be at risk of exposure to viruses...
401(k) Retirement Plan Tax Notices:
Federal Actions Can Help Participants Understand Their Distribution Options
GAO-24-107167
Published:
Publicly Released:
Many people have trouble tracking their 401(k) accounts when they change jobs. After separating from an employer, plan participants are sent a 402(f) notice that has some information on distribution options—like rolling over funds—and the tax consequences of cashing out funds from old plans. But only about a third of participants received this notice before they decided what to do with their retirement savings. About...
Rental Housing:
Information on Institutional Investment in Single-Family Homes
GAO-24-106643
Published:
Publicly Released:
Millions of homeowners defaulted on their mortgages during the 2007-2009 financial crisis. Institutional investors—companies that own a lot of single-family rental homes—bought many of these foreclosed homes in bulk and converted them into rental housing, especially in states across the southern U.S. Researchers found that institutional investors may have contributed to increasing home prices and rents following the financial crisis. However, it's unclear how these...
Contract Financing:
Factors That Influence the Use of Financing Methods and DOD's Progress on Proposed Actions
GAO-24-106850
Published:
Publicly Released:
The Department of Defense provides billions of dollars through contract financing to acquire things like weapon systems and satellites. This financing can help contractors avoid expensive commercial loans and may help DOD reduce costs. In April 2023, DOD published a study on the effect of its contract financing policies on the defense industry. DOD proposed 16 actions that could support subcontractors and attract more new...
Tax Enforcement:
IRS Audit Selection Processes for Returns Claiming Refundable Credits Could Better Address Equity
GAO-24-106126
Published:
Publicly Released:
The IRS is examining potential systemic biases in how it chooses which returns to audit. Research estimates that Black taxpayers are audited at higher rates than taxpayers of other races. Even though IRS doesn't collect data on taxpayers' race or ethnicity, some of its methods could lead to disparities. For example, IRS uses an automated system to select returns that claim refundable credits, such as...
Electricity:
Information on Peak Demand Power Plants
GAO-24-106145
Published:
Publicly Released:
This Q&A report explores peak demand power plants—known as "peakers"—that supplement other types of power plants and operate when power demand is greatest, e.g., hot summer afternoons. Peakers tend to be located near historically disadvantaged communities. Natural gas fuels most of the 999 peakers in the United States. Like other power plants, peakers emit several pollutants, such as sulfur dioxide—which can lead to breathing problems...
Nuclear Nonproliferation:
Efforts Are Underway to Address Factors Affecting the International Atomic Energy Agency's Safeguards Program GAO-24-106296
Published:
Publicly Released:
The International Atomic Energy Agency supports nuclear nonproliferation through its safeguards program. This program applies a set of technical measures and inspections to ensure that countries are not diverting nuclear materials into weapons. The U.S. helps provide financial and other assistance to this agency. However, we found that a number of factors affect this agency's ability to do its job. They include: Funding and budget...
IASB
Jurisdictions representing over half the global economy by GDP take steps towards ISSB Standards
Announcement
28 May 2024
IASB to issue Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)
Forthcoming publication
28 May 2024
May 2024 Due Process Oversight Committee meeting agenda and paper now available
Meeting
24 May 2024
IFRS Foundation Trustees seek new Chair of the IFRS Advisory Council from 2025
Careers
24 May 2024
IFRS Foundation Trustees seek new members of the IFRS Advisory Council
Careers
24 May 2024
GRI and IFRS Foundation collaboration to deliver full interoperability that enables seamless sustainability reporting
Announcement
24 May 2024
Keynote address from Andreas Barckow, IASB Chair, at the EAA Annual Congress: ‘Let’s stay connected’
Speech
24 May 2024
IASB proposes IFRS Accounting Taxonomy update for IFRS 18
Consultation
23 May 2024
Watch new webcasts from the IFRS Foundation on current and anticipated financial effects
Webcast
22 May 2024
Webcast: Proposals in Exposure Draft Contracts for Renewable Electricity
Webcast
22 May 2024
May 2024 ISSB Update and podcast now available
Update
21 May 2024
April 2024 Sustainability Consultative Committee meeting summary now available
Meeting
21 May 2024
IFRS Foundation announces new webinar series ‘Perspectives on sustainability disclosure’
Webinar
21 May 2024
March 2024 Due Process Oversight Committee meeting summary now available
Meeting
20 May 2024
IRS
Department of Treasury, IRS and Department of Energy announce opening of application portal for 2024 program year of the Low-Income Communities Bonus Credit Program
IR-2024-149, May 28, 2024 — The Department of Treasury, Internal Revenue Service and Department of Energy announced today that the application portal for the 2024 Low-Income Communities Bonus Credit Program is now open.
IRS: U.S. taxpayers living and working abroad face June 17 deadline to file their 2023 tax returns
IR-2024-148, May 28, 2024 — The Internal Revenue Service reminds taxpayers living and working outside the United States to file their 2023 federal income tax return by Monday, June 17.
Treasury, IRS release corrected version of Notice 2024-41
IR-2024-147, May 24, 2024 — The Department of Treasury and Internal Revenue Service today released a corrected version of Notice 2024-41. A prior version was released on May 16, 2024.
IRS reminder to storm victims in 7 states: June 17 filing and payment deadline
IR-2024-146, May 23, 2024 — The Internal Revenue Service today reminded individuals and businesses in parts of seven states that their 2023 federal income tax returns and tax payments are due on Monday, June 17, 2024.
IRS announces extension of Free File program through 2029
IR-2024-145, May 22, 2024 — The Internal Revenue Service announced today an extension of the current Free File program through 2029 following an agreement that will continue to make the free private-sector tax software available to taxpayers.
Department of Treasury, IRS and Department of Energy announce opening date for the Qualifying Advanced Energy Project Credit new allocation round
IR-2024-144, May 22, 2024 — The Department of Treasury, Internal Revenue Service and Department of Energy (DOE) announced today that the DOE Qualified Advanced Energy Project Credit Program Applicant Portal (48C Portal) is now open for any interested applicants to register for a new round of allocations.
IRS wins Certificate of Excellence in Accountability Report award for second year running
IR-2024-143, May 20, 2024 — The Internal Revenue Service today announced for the second consecutive year it has received a prestigious award honoring the highest quality in financial management and performance reporting from the AGA, an association that connects and empowers financial-related professionals who support government.
NYC
The Department of Finance Fiscal 2025 Executive Budget Hearing Testimony
May 22, 2024
PCAOB
Imposing a $400,000 Fine, PCAOB Sanctions MaloneBailey, LLP for Pervasive Quality Control Violations
May 21, 2024
SEC
SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion
2024-63
Washington D.C., May 22, 2024 — The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to timely inform the SEC of a cyber intrusion as required by Regulation Systems Compliance and Integrity (Regulation SCI).
SEC Chair Gensler Statement on Upcoming Implementation of T+1 Settlement Cycle
2024-62
Washington D.C., May 21, 2024 — Securities and Exchange Commission Chair Gary Gensler today issued the following statement on the conversion of the U.S. securities market to a T+1 standard settlement cycle, which will take place on May 28, 2024.
SEC Issues Exemptive Order Providing Additional Time for Certain Registrants to File Quarterly Reports in Light of BF Borgers Permanent Suspension
2024-61
Washington D.C., May 20, 2024 — The Securities and Exchange Commission today provided exemptive relief to certain registrants affected by the permanent suspension of BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “BF Borgers”), from appearing and practicing before the Commission as an accountant. It is expected that registrants that previously retained BF Borgers will need to engage a new, qualified, independent, PCAOB-registered public accountant to audit or review the financial information included in their Commission filings.