All articles by Umesh Ellichipuram
Umesh Ellichipuram
Tanzanian internal auditors warn poor risk management hinders efficiency
IIA Tanzania warned that operational problems arise because institutions do not adequately manage risks.
Canadian regulators and audit leaders review audit quality as risks evolve
The meeting reviewed risks to audit quality and how audits support Canada’s “credible capital markets”.
Dubai’s FAA completes first internal audit quality review for CDA
The external review is a core FAA service that helps public bodies assess and improve their audit and oversight functions.
IRS invites applications for TCE and VITA grant funding
Applications for both grant programmes will be accepted on Grants.gov from 1 May 2026 to 31 May 2026.
ICAEW poll shows 90% want tax simplification legislation
The institute has repeatedly pressed for a formal road map and strategy for tax simplification.
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IPSASB issues draft guidance on materiality judgements
The IPSASB is seeking stakeholder feedback to ensure the final practice statement reflects materiality in practice.
IIA seeks tougher US rules on prediction markets
The IIA sent letters to US CFTC and Congressional leaders outlining risks it sees in prediction market platforms.
FRC issues final UK audit standard revisions on fraud and going concern
Both revised standards will apply to audits for periods starting on or after 15 December 2026.
Australian bodies urge small operators to engage advisers as costs rise
The business alliance noted that small companies are grappling with rising input costs, fuel volatility and high interest rates.
ICAEW extends Peter Wyman’s tenure as board chair
Wyman first took up the post in October 2023, becoming the organisation’s first externally appointed chair.