Accounting And Audit 23 September 2026
India Tax Audit Extensions, ICAI Reforms & NSE IPO Highlights
India’s tax audit calendar is moving as MPTCA asks for a November 30 deadline and Karnataka seeks an Oct 31 extension, while ICAI pushes the peer‑review cut‑off to Dec 31 2026 and proposes CA Act reforms to let larger firms operate. The NSE’s 2026 IPO is set with a ₹22,561 crore offer, and recent updates on MSME classification and a high‑profile ICE arrest round out the week’s key regulatory and market news.
- Tax audit deadline: MPTCA requests extension to Nov 30 and Karnataka to Oct 31 (MPTCA news, Karnataka request).
- ICAI peer‑review: deadline moved to Dec 31 2026 for PSB bank branch audit firms (ICAI notice).
- CA Act reforms: ICAI proposes changes to enable bigger accounting and consulting firms, expanding the regulatory framework (proposal 1, proposal 2).
- NSE IPO 2026: ₹22,561.57 crore OFS, price band ₹1,700‑₹1,785, key dates and structure outlined for CA/CS professionals (details).
- MSME classification: New limits and compliance points highlighted for auditors during tax audit season (article).
- ICE arrest: Former US news anchor working for a California Democrat detained at Las Vegas airport, custody pending removal proceedings (report).
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