Accounting And Audit 1 October 2026
India Audit & Finance Rules Overhaul October 2026
The National Financial Reporting Authority has issued 35 probing questions for audit committees to intensify going‑concern reviews, while a wave of regulatory shifts takes effect on October 1, 2026. New mandates cover bank fixed‑deposit rates, UPI merchant discount rates, LPG subsidies, SBI ATM cash limits, and compulsory birth‑death registration. Companies also face auditor rotations, updated post‑office FD rates, and a packed compliance calendar that includes GST, TDS, PF, ESI, tax audit and MCA filing deadlines. In sports, India clinched the ODI series against West Indies with an 8‑wicket win.
Regulatory scrutiny intensifies – The NFRA released 35 targeted questions for audit committees to assess going‑concern risks. Read more
- October 1, 2026 key rules: changes to bank FD rates, UPI merchant discount rate, LPG subsidy, SBI ATM cash withdrawal limits, and mandatory birth‑death registration. Details
- Auditor rotation: Belrise Industries appointed new joint statutory auditors in line with rotation norms. Source
- Post Office FD rates: Updated interest rates for fixed deposits starting October 2026. Info
- Compliance calendar: GST, TDS, PF, ESI, tax audit reports and MCA filings due in October 2026. Full list
- Cricket update: India defeated West Indies by 8 wickets, sealing the series 2‑0. Match report
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