Audit News
ICAI Releases Draft Bank Branch Auditors' Panel (MEF) for FY 2025-26
24 January 2026 at 09:11ICAI releases Draft Bank Branch Auditors' Panel (MEF) for FY 2025-26; objections can be filed till 30 January 2026
ICAI Defers Phase IV of Peer Review Mandate to 31st December, 2026
01 January 2026 at 07:18ICAI defers Phase IV of Peer Review mandate by one year. Peer Review for CA firms auditing PSB branches or having 3+ partners now mandatory from 31 Dec 2026.
ICAI Invites Public Comments on Draft Information Systems Audit Standards (ISAS)
27 December 2025 at 06:45The Institute of Chartered Accountants of India (ICAI) has invited public comments on the Exposure Draft of Information Systems Audit Standards (ISAS). Stakeholders can submit feedback till January 25, 2026.
NFRA Rolls Out Audit Practice Toolkits and Survey 2025 to Support Small & Medium Audit Firms
04 December 2025 at 06:59NFRA launches nationwide outreach programmes and its first-ever Audit Firms Survey 2025, introduces 'Audit Practice Toolkits' and strengthens audit quality through revised standards, inspections, and capacity-building initiatives.
ICAI Clarifies Auditor's Opinion Requirements in New UDIN FAQs
27 October 2025 at 06:33ICAI releases FAQs clarifying when an Auditor's Opinion is mandatory under the UDIN system. The guidance outlines cases for GST, Tax Audits and other assurance functions, ensuring compliance with auditing standards and reporting consistency.
Centre Likely to Relax Advertising Rules for Chartered Accountants
25 October 2025 at 10:22ICAI to propose changes easing advertising rules for CAs, boosting visibility, growth, and competitiveness of domestic audit and consultancy firms.
ICAI Tightens Fraud Detection Norms for Financial Statements with Stricter Review Parameters
25 October 2025 at 06:18ICAI has tightened fraud detection norms with new financial review parameters for FY24, focusing on high-risk companies, insolvency cases, and stricter scrutiny through its Financial Reporting Review Board (FRRB).
ICAI Invites Comments on Exposure Drafts of New Standards on Internal Audit (SIAs)
17 October 2025 at 05:42ICAI's Internal Audit Standards Board invites comments on Exposure Drafts of new Standards on Internal Audit (SIAs) and Quality Standards (QSIAs). Last date to submit feedback: October 23, 2025.
CA Firm's Re 1 Audit Fee Sparks Nationwide Debate on Audit Standards and Professional Ethics
29 September 2025 at 10:30Chandra Gupta & Associates' Re1 statutory audit bid for NHAI subsidiary raises questions on audit quality, fee sustainability, and professional ethics in India...
ICAI Expands Mandatory Scope of Audit Quality Maturity Model (AQMM) and Introduces Public Disclosure of AQMM Levels
12 August 2025 at 08:39ICAI widens AQMM v2.0 scope from April 2026, adds more audit firms under mandatory compliance, and begins public disclosure of AQMM levels.
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