All articles by Umesh Ellichipuram
Umesh Ellichipuram
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.
IPSASB issues draft guidance on materiality judgements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.
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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.
US emergency savings uneven as women and mid‑career adults lag, AICPA says
Only 10% of adults aged 18–54 indicate that they have a year or more of expenses in savings.
India’s ICAI sets 60-audit cap per CA from FY26–27
The limit tightens control over how audit work is assigned and performed in partnerships, especially large companies.
Weak confidence and tax worries hit Scottish investment – ICAS
The ICAS wants government, industry and educators to work together on long-term systemic reform, rather than short-term policy fixes.