Audit News

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 | 4974 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 | 522 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 | 2349 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 | 4347 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 | 2538 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 | 807 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 | 825 Views

ICAI Releases Draft Bank Branch Auditors' Panel (MEF) for FY 2025-26

24 January 2026 at 09:11

ICAI releases Draft Bank Branch Auditors' Panel (MEF) for FY 2025-26; objections can be filed till 30 January 2026

Posted in Audit | 9861 Views

ICAI Defers Phase IV of Peer Review Mandate to 31st December, 2026

01 January 2026 at 07:18

ICAI 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.

Posted in Audit | 1473 Views

ICAI Invites Public Comments on Draft Information Systems Audit Standards (ISAS)

27 December 2025 at 06:45

The 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.

Posted in Audit | 366 Views