Big Breaking: ICAI to Limit 60 Tax Audits per Partner
28 June 2025Nidhi
Big Breaking: ICAI to Limit 60 Tax Audits per Partner
The Institute of Chartered Accountants of India (ICAI) has made significant change in the rules regarding audit limits. As per the announcement, ICAI is imposing a limit on the number of tax audits a chartered accountant partner can take per year. The new change will come into effect from the financial year 2026-27. With this new rule, the partner in the accounting firm will be able to do only 60 audits annually. The initiative aims at boosting work accountability in audit and promoting transparency within the organisation.