Judgement

The ITAT Mumbai has held that LLP required to be audited under LLP Act and Rules is entitled to the extended return filing.


ITAT Rules LLP Subject to Statutory Audit Under LLP Law get Extended ITR Due Date 

Orders

The ICAI Board of Discipline held that previous auditor had not conducted or completed any statutory audit 

ICAI Holds CA Not Guilty of Misconduct for Not Seeking NOC From Previous Auditor

News

The Corporate Laws (Amendment) Bill, 2026, proposes a three-year ban on outgoing statutory auditors and audit firms from providing non-audit services.

Corporate Laws (Amendment) Bill, 2026: New 3-Year Cooling-Off Rule for Auditors Sparks Industry Concern

The HC holds that cooperative societies generally face difficulty in filing returns timely because of the belated approval of statutory audits and the absence of an adequate mechanism.

High Court Grants Section 80P Exemption despite Belated ITR Filing

Several stakeholders highlighted the importance of statutory audits even in small companies to avoid any fraud. They have warned that even a small negligence can prompt fake entities to misuse the law.

Government Reviewing Proposal to Exempt Audit for Small Companies

Articles

ICAI has released the 2026 Guidance Note on Bank Audits to help auditors conduct effective and compliant statutory audits of banks and their branches.

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ITAT Rules LLP Subject to Statutory Audit Under LLP Law get Extended ITR Due Date

ICAI Holds CA Not Guilty of Misconduct for Not Seeking NOC From Previous Auditor

Corporate Laws (Amendment) Bill, 2026: New 3-Year Cooling-Off Rule for Auditors Sparks Industry Concern

High Court Grants Section 80P Exemption despite Belated ITR Filing

Government Reviewing Proposal to Exempt Audit for Small Companies

New 2026 Guidance Note on Bank Audits by ICAI: What Auditors Should Know