The Institute of Chartered Accountants of India (ICAI), through its Digital Accounting and Assurance Board, has invited public comments on proposed amendments to Regulation 204 of the Chartered Accountants Regulations, 1988. The key proposal includes the introduction of the term "Forensic Investigation" under the said regulation.
The draft amendment has received in-principle approval from the Ministry of Corporate Affairs (MCA) and has been published in the Gazette of India, Part III Section 4 (Extraordinary) dated June 26, 2025, in accordance with the requirements under sub-section (3) of Section 30 of the Chartered Accountants Act, 1949.
Official copy of the notification is as follows
Digital Accounting and Assurance Board
The Institute of Chartered Accountants of India
ANNOUNCEMENT
Sub: Inviting Public Comments on draft amendments in Regulation 204 of the Chartered Accountants Regulations, 1988
The Ministry of Corporate Affairs has accorded its in-principle approval on draft amendments in Regulation 204 of the Chartered Accountants Regulations, 1988. The proposed amendment introduces the term "Forensic Investigation" under Regulation 204 of the said Regulations.
In terms of the requirement of sub-section (3) of Section 30 of the Chartered Accountants Act, 1949, the notification containing draft amendments has been published in Part III Section 4 of the Gazette of India, Extraordinary, dated 26th June, 2025 seeking comments from the persons likely to be affected thereby. The said Notification has also been hosted on the website of the Institute. The link to reach the same is https://resource.cdn.icai.org/86801daab-notification-gazette-india.pdf.
The stakeholders may send their comments in regard to the aforesaid draft amendments latest by 31st July, 2025 for consideration of the Council through the link: https://forms.office.com/r/K666A9wBEX
Secretary, ICAI
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