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Audit News


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 |   3261 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 |   5472 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 |   555 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 |   2361 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 |   4455 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 |   2541 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 |   825 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 |   9882 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 |   1491 Views



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