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Audit News


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 |   372 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 |   6759 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 |   6540 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 |   5058 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 |   8025 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 |   789 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 |   7971 Views


ICAI Expands Mandatory Scope of Audit Quality Maturity Model (AQMM) and Introduces Public Disclosure of AQMM Levels

   12 August 2025 at 08:39

ICAI widens AQMM v2.0 scope from April 2026, adds more audit firms under mandatory compliance, and begins public disclosure of AQMM levels.

Posted in Audit |   864 Views


ICAI Issues Comprehensive Checklist for Certificates Issued by Chartered Accountants

   11 August 2025 at 08:48

ICAI's Centre for Audit Quality issues an essential checklist for certificates by Chartered Accountants, ensuring compliance, accuracy and professional quality standards.

Posted in Audit |   33174 Views


ICAI Reconstitutes Expert Panel to Address Statutory Audit Queries pertaining to Auditing Aspects

   12 July 2025 at 08:47

ICAI's Auditing and Assurance Standards Board has reconstituted its Expert Panel to address members' statutory audit queries for the 2025 audit season. The panel will offer technical guidance from 11th July to 30th September 2025.

Posted in Audit |   1704 Views



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