Audit News

ICAI Introduces New Audit Framework and Training Programmes to Strengthen Cooperative Sector

31 October 2026 at 10:39

Discover how ICAI is strengthening the cooperative sector through the new MSCARO 2026 audit framework, updated audit guidance and nationwide training programmes to improve governance, transparency and compliance.

Posted in Audit | 1 comments | 3573 Views

PM CARES Fund Reports Rs 8452 Crore Balance as Spending Remains Minimal in FY 2024-25

19 August 2026 at 09:29

The PM CARES Fund ended the financial year 2024-25 with a balance of around Rs 8,452 crore, according to audited financial statements made available on the fund's website. The figures have renewed public interest in the fund's receipts, expenditure,

Posted in Audit | 1 comments | 3297 Views

ICAI Introduces New Tax Audit Count Tracking Feature on UDIN Portal

06 July 2026 at 09:16

ICAI's UDIN Portal now features a dedicated Tax Audit Count Dashboard, allowing Chartered Accountants to monitor tax audit assignments, UDIN generation status, and remaining audit limits in real time.

Posted in Audit | 1 comments | 2988 Views

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 | 1 comments | 14184 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 | 1 comments | 3909 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 | 1 comments | 6024 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 | 1 comments | 1095 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 | 1 comments | 2613 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 | 1 comments | 5004 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 | 1 comments | 2823 Views