Super Circular Update
Only a few weeks remain of 2012 and OMB still has not indicated when the draft super circular will be released. While rumors seemed to indicate OMB was on the verge of releasing the draft regulations a month ago, there have not been any new developments. Management Concepts is hearing that individuals who have seen the portions of the draft regulations have called them “vague” and “ambiguous” and that OMB is continuing to revise them.
Management Concepts continues to monitor developments and will update this blog when we hear of anything.