All articles by Shivam Mishra

Shivam Mishra

US SEC withdraws SAB 121

SAB 121 mandated that crypto custody providers and exchanges recognise customer holdings as both assets and liabilities.

FASB proposes updates to accounting standards

Stakeholders have time to review and comment on the proposed changes until 22 April 2025.

HMRC overhaul to end over taxation for pension withdrawals 

This initiative aims to ensure that individuals pay the correct tax amount from the start of their pension payments.  

Georgia State University to introduce AI-driven master’s programme 

The programme aims to equip graduates with advanced skills in data science and AI, addressing the evolving needs of the accounting industry. 

EY establishes academy in Saudi Arabia to enhance workforce skills  

This initiative makes EY the first among its peers to secure a licence to operate an academy in KSA. 

FASB proposes update on environmental credit accounting 

This update seeks to enhance the clarity of accounting and reporting on environmental credits and obligations. 

IIA and ACCA renew collaboration agreement  

This collaboration aims to strengthen cooperation between the two organisations, advancing their professions globally. 

40%+ of investigations by India’s ICAI uncover CAs misconduct   

Currently, 368 cases of professional misconduct are pending before the ICAI’s disciplinary bodies. 

GASB seeks public input on accounting changes for infrastructure assets 

This initiative aims to enhance the current guidance on recognition, measurement, and information disclosure related to these long-lived capital assets. 

ICAEW concerned over UK’s new reporting requirements

The legislation requires large companies to report on supplier payment performance in their annual reports, a move ICAEW deems ineffective.