Audit News


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 |   345 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 |   9213 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 |   1395 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 |   339 Views


NFRA Rolls Out Audit Practice Toolkits and Survey 2025 to Support Small & Medium Audit Firms

   04 December 2025 at 06:59

NFRA 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.

Posted in Audit |   6702 Views


ICAI Clarifies Auditor's Opinion Requirements in New UDIN FAQs

   27 October 2025 at 06:33

ICAI 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.

Posted in Audit |   6066 Views


Centre Likely to Relax Advertising Rules for Chartered Accountants

   25 October 2025 at 10:22

ICAI to propose changes easing advertising rules for CAs, boosting visibility, growth, and competitiveness of domestic audit and consultancy firms.

Posted in Audit |   5016 Views


ICAI Tightens Fraud Detection Norms for Financial Statements with Stricter Review Parameters

   25 October 2025 at 06:18

ICAI 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).

Posted in Audit |   7926 Views


ICAI Invites Comments on Exposure Drafts of New Standards on Internal Audit (SIAs)

   17 October 2025 at 05:42

ICAI'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.

Posted in Audit |   738 Views


CA Firm's Re 1 Audit Fee Sparks Nationwide Debate on Audit Standards and Professional Ethics

   29 September 2025 at 10:30

Chandra Gupta & Associates' Re1 statutory audit bid for NHAI subsidiary raises questions on audit quality, fee sustainability, and professional ethics in India...

Posted in Audit |   7896 Views



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