India Audit Updates

Recent updates in the Indian auditing sphere include the appointment of *Maars & Associates* as the statutory auditor for Vahh Chemicals, and *Nadimuthu* as the secretarial auditor for Munoth Communication. The Companies (Indian Accounting Standards) Amendment Rules, 2026 have also been introduced, which incorporate Annual Improvements to Ind AS (2024). Additionally, the tax audit limit has been increased from 45 to 60 for audits, in view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment. Key points include:
- Appointment of new auditors for Vahh Chemicals and Munoth Communication
- Introduction of the Companies (Indian Accounting Standards) Amendment Rules, 2026
- Increase in tax audit limit from 45 to 60 for audits