Audits are the backbone of a CA firm’s professional services. In 2026, new ICAI guidelines have tightened accountability for individual partners.

• Statutory Audit: Mandatory for all companies under the Companies Act, 2013 to ensure financial statements give a “true and fair” view.
• Tax Audit (u/s 44AB): Required if business turnover exceeds ₹1 crore (or ₹10 crore if 95% of transactions are digital) or professional receipts exceed ₹50 lakhs.
• Audit Ceiling Rule: Starting April 2026, the ICAI has enforced a cap of 60 tax audits per partner per year to prevent audit concentration and ensure quality.
• Standards: Strict adherence to SA (Standards on Auditing) and SQC-1 (Quality Control) is required to avoid National Financial Reporting Authority (NFRA) penalties.