Legal Suvidha is a registered trademark. Unauthorized use of our brand name or logo is strictly prohibited. All rights to this trademark are protected under Indian intellectual property laws.
Legal Suvidha
Back to Updates
Accounting And Audit 3 August 2026

ICAI Updates and New Laws

The Institute of Chartered Accountants of India has introduced a one-time window for CA final pass candidates to complete virtual Advanced ITT and MCS courses, while also renewing its Mutual Recognition Agreement with CPA Australia. Additionally, Canada has introduced new laws and rules in August 2026, affecting banking, cosmetics, and colleges. Lords Mark Industries is reviewing MPS compliance and auditor appointment, and NALCO has made key audit appointments for FY27.

The Institute of Chartered Accountants of India (*ICAI*) has introduced a one-time window for CA final pass candidates to complete virtual Advanced ITT and MCS courses.
- Registration for both the Virtual Advanced ITT and Virtual MCS Course commenced on 1 August 2026.
- The registration window will be open for a limited time.
The *ICAI* has also renewed its Mutual Recognition Agreement (*MRA*) with *CPA Australia* on 1st July 2026.
Meanwhile, Canada has introduced ten significant federal laws and rule changes starting August 2026, affecting banking, cosmetics, and colleges.
Lords Mark Industries is reviewing MPS compliance and auditor appointment, and NALCO has made key audit appointments for FY27.

Need help understanding this update?

Connect with our domain experts instantly via WhatsApp for customized legal guidance.

Chat on WhatsApp

* May contain AI generated content. Please verify the required details.