All articles by Umesh Ellichipuram
Umesh Ellichipuram
FASB updates fair value rules for investment companies
The FASB updated the guidance to ensure investment companies factor contractual sale restrictions into equity valuations and NAVs.
GAA unveils report on links between sustainability and financial reporting
The report examines why sustainability disclosures need to be more closely linked to financial reporting.
TPB cancels C&N Southwest Sydney registration over conduct breaches
The TPB found that the company violated 12 provisions of the code of professional conduct.
HMRC to manually review 100,000 tax calculations – report
The tax authority plans to manually inspect 107,000 returns from the 2025–26 tax year suspected of containing errors.
IFAC picks new chair for PAO Development Advisory Group
Berry Wammes succeeds Jelena Misita as chair for a three-year term, starting on 1 January 2027.
ICAEW calls for safeguards on proposed tax debt recoveries
The institution noted that any monthly instalment sought by HMRC should be affordable.
ASIC, APRA propose changes to streamline accountability regime
ASIC and the APRA aim to complete the changes by the end of 2026, subject to feedback received during the consultation.
US IRS audit revenue falls 35% to $6.5bn – report
The drop in audit revenue came after the current administration downsized the IRS workforce.
ISCA AI Fluency Programme draws over 15,000 enrolments
The initiative serves as the national AI training programme designed specifically for Singapore’s accountancy sector.
ACRA, SID to launch governance programme for company directors
The initiative aims to enhance corporate governance standards across Singapore’s business sector.