India's ICAI Introduces 60-Audit Cap Per Chartered Accountant Starting FY26–27
India's Institute of Chartered Accountants of India (ICAI) has introduced a cap of 60 tax audit assignments per chartered accountant (CA) effective from April 1, 2026. The rule aims to regulate audit work distribution and prevent misuse of multiple partners' quotas in large firms. The cap applies to all CAs, regardless of whether they work individually or as partners in multiple companies.
Topics: ICAI Professional Standards Regulatory Changes Tax Audit