Audit News

ICAI Code of Ethics 2026 Recommends Digital-Only Payment of Audit Fees

04 June 2026 at 09:37

ICAI's Code of Ethics 2026 recommends that chartered accountants and firms accept audit fees only through digital modes or banking channels, promoting transparency, accountability and professional integrity.

Posted in Audit | 13131 Views

ICAI Releases Draft Panel for Appointment of Statutory Auditors of Co-operative Banks for FY 2026-27

05 May 2026 at 09:15

ICAI releases Draft Panel for Statutory Auditors of State and Central Co-operative Banks for FY 2026-27. Check category, raise objections by May 8.

Posted in Audit | 3492 Views

ICAI Expands Mandatory Applicability of AQMM: New Criteria Effective from April 2026

13 April 2026 at 09:12

ICAI widens the scope of mandatory AQMM applicability, bringing more audit firms under review from April 2026. Check revised criteria and phased implementation details.

Posted in Audit | 5709 Views

ICAI Defers Implementation of SQM 1 & SQM 2; SQC 1 to Continue Until Further Notice

02 April 2026 at 09:29

ICAI has deferred the mandatory implementation of SQM 1 and SQM 2, originally effective from April 1, 2026. Until further notice, the existing SQC 1 standard will continue to apply to audit and assurance firms.

Posted in Audit | 708 Views

KPMG UK Plans Job Cuts: Up to 440 Audit Roles at Risk Amid Market Slowdown

30 March 2026 at 09:25

KPMG UK plans potential layoffs impacting up to 440 audit employees amid low attrition and market slowdown. Nearly 600 staff are at risk as restructuring begins.

Posted in Audit | 2370 Views

ICAI Releases Revised Guidance Note on Audit of Banks 2026: Key Updates for Auditors

18 March 2026 at 09:26

ICAI releases Guidance Note on Audit of Banks 2026 with updated RBI norms, digital banking audit focus and enhanced compliance framework for auditors.

Posted in Audit | 4476 Views

ICAI to implement 11 ISAS to Strengthen Digital Audits

26 February 2026 at 08:40

The Institute of Chartered Accountants of India (ICAI) introduces 11 Information Systems Audit Standards (ISAs) to enhance audit quality and strengthen governance within India's fast-growing digital ecosystem.

Posted in Audit | 2550 Views

ICAI Issues Exposure Draft of Guidance Note on Audit of Banks - 2026 Edition

14 February 2026 at 09:05

ICAI releases Exposure Draft of Guidance Note on Audit of Banks (2026 Edition), aligning audit procedures with latest RBI KYC, digital lending, securitisation and treasury norms. Comments invited till February 23, 2026.

Posted in Audit | 828 Views

IEPFA Proposes 30-Day Disposal for Low-Value Refund Claims

30 January 2026 at 06:58

IEPFA invites public comments on proposed amendments to the IEPFA Rules, 2016 to simplify and fast-track refunds for low-value investor claims, with a reduced 30-day disposal timeline based on company verification.

Posted in Audit | 831 Views