Accounting And Audit 31 October 2026
ICAI Rolls Out New Cooperative Audit Framework and Guidance Note
ICAI will issue a Guidance Note on the Multi‑State Co‑operative Societies Auditor’s Report Order (MSCARO) 2026 to harmonise audit standards for cooperative societies. It also unveiled a new audit framework and training programmes to boost sector compliance, while recent statutory auditor changes at Droneacharya and Sun Pharma reflect broader corporate governance moves.
- Guidance Note for MSCARO 2026 – ICAI plans to publish detailed guidance to standardise audit practices for multi‑state cooperative societies. Read more
- New audit framework & training – A comprehensive framework and capacity‑building programmes are being rolled out to strengthen the cooperative sector. Details
- Droneacharya appointment – Shivangi Selot named Company Secretary and Compliance Officer, influencing future audit rigour. Source
- Sun Pharma auditor change – Deloitte Haskins & Sells appointed as statutory auditors following mandatory rotation. Source
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