Accounting And Audit 23 September 2026
ICAI Pushes PSB Bank Audit Peer Review Deadline to Dec 31, 2026
The Institute of Chartered Accountants of India (ICAI) has officially extended the peer review deadline for audit firms handling Public Sector Bank (PSB) branch audits to December 31, 2026, as mandated by Section 13(1) of the Chartered Accountants Act, 1949. The notice also mentions recent resignation of senior CA Madhukar Narayan Hiregange, underscoring regulatory compliance expectations for audit firms.
*The ICAI has announced a new deadline for peer reviews of audit firms servicing PSB branches, now set for December 31, 2026.*
- Extension granted under Section 13(1) of the Chartered Accountants Act, 1949.
- Aims to give firms additional time to meet quality standards.
- Notable resignation: CA Madhukar Narayan Hiregange stepped down amid the changes.
For full details, see the original notice here.
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