All articles by Umesh Ellichipuram
Umesh Ellichipuram
FAF picks Hillary H. Salo as next chair of FASB
Salo’s term will begin on 1 July 2027 and run until 30 June 2034.
CA ANZ unveils five-point plan to reform audit oversight in Australia
The move aims to improve oversight, fix regulatory loopholes and safeguard whistleblowers.
ICAEW criticises plan for criminal offence on tax declarations
The ICAEW said it does not support the new proposed offence as many taxpayers and advisers would find the word ‘reckless’ confusing.
FASB invites opinion on cash equivalents and digital asset draft rules
The initiative aims to improve transparency regarding cash equivalent components.
AICPA names new vice-president of communications & reputation
Kathy King will lead the body’s global communications and reputation strategy from Washington, DC.
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ACCA seeks clarity on HMRC’s proposed powers on tax fraud
The ACCA maintained that HMRC must first explain why existing rules fail to address the minority acting fraudulently or dishonestly.
ICAS calls for proportionate approach to UK tax reforms
ICAS backed higher data standards, upgraded digital systems and practical measures to cut errors within the UK tax framework.
ICAEW warns direct tax debits for VAT and PAYE may harm cash flow
The institute says the move removes payment safeguards and deprives employers of cash flow control.
India launches limited tax amnesty for small foreign asset disclosures
The Foreign Assets of Small Taxpayers–Disclosure Scheme was launched during the 2026–27 Union Budget.
SOCPA refers unlicensed services company to public prosecution
The investigation found that the company falsely advertised SOCPA-regulated services without authorisation.