News

ICAI will onboard 25 CA firms under PMIS, offering internships in accounting, taxation, and auditing, with a target of 2,000 interns by year-end.

ICAI to Onboard 25 CA Firms Under PM Internship Scheme, Targets 2,000 Interns

Global Alignment of Auditing Standards and Stricter Tax Audit Limits to Reshape CA Practice in India

Major Overhaul in Audit Standards: MCA to Implement New Audit Regime from April 2026

Articles

As per the inspection report, the majority of audit processes in these firms were not as per the Indian auditing standards and regulatory requirements.

Big Audit Firms Under Scrutiny: NFRA Flags Major Audit Lapses in PwC, KPMG, EY, and BDO

Judgement

Committee finds violation of independence norms after CA audited partnership firm in which his wife held up to 73% profit share.

ICAI Disciplinary Committee Reprimands CA for Auditing Firm Where Wife Held Majority Stake

The ICAI Code of Ethics prohibits a chartered accountant from expressing their opinion on the business of an enterprise where he, his firm, or his relative holds a major interest.

CA Found Guilty by ICAI for Auditing Firm Where Wife Held Majority Stake

Audit of firm where sister held 50% profit share violates Clause (4) of Part I, Second Schedule

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ICAI to Onboard 25 CA Firms Under PM Internship Scheme, Targets 2,000 Interns

Major Overhaul in Audit Standards: MCA to Implement New Audit Regime from April 2026

Big Audit Firms Under Scrutiny: NFRA Flags Major Audit Lapses in PwC, KPMG, EY, and BDO

ICAI Disciplinary Committee Reprimands CA for Auditing Firm Where Wife Held Majority Stake

CA Found Guilty by ICAI for Auditing Firm Where Wife Held Majority Stake

ICAI Reprimands CA for Auditing Sister’s Firm; Holds Independence Compromised