ICAI Recommends Digital-Only Audit Fee Payments to Enhance Transparency:

ICAI’s Code of Ethics, 2026 recommends accepting audit fees only through digital or banking channels to promote transparency.

ICAI’s Recommendation on Digital Audit Fee Payments

Vanshika verma

Jun 3, 2026

Last update on Jun 3, 2026

ICAI Recommends Digital-Only Audit Fee Payments to Enhance Transparency The Institute of Chartered Accountants of India (ICAI) has made an important recommendation in its Code of Ethics, 2026, to improve transparency in the profession. The Council has suggested that audit fees should be received only through digital modes or banking channels. In this regard, the Institute of Chartered Accountants of India (ICAI) has suggested that auditors should avoid accepting audit fees in cash and instead make payments through digital payments, bank transfers, cheques or other formal banking methods. This will help to establish a clear and verifiable record of transactions. The move is in line with the growing digital economy in India and the government's push for cashless payments. It is expected to enhance financial discipline and improve accountability in professional practice. ICAI believes that accepting audit fees only through banking channels is a small but big step towards building more trust, transparency and integrity in the auditing profession.

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Vanshika verma

Content Writer

Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.