Insights · Audit & Assurance

Brief · ICAI Quality Review Board updates for FY 2025-26

Revised documentation and independence expectations for statutory audit engagements - a checkpoint for audit committees.

Published: 02 May 2026
Last reviewed: 25 July 2026
Law as at: 02 May 2026
Reading time: 3 min
Author: ATPM And Co
Technical reviewer: Partner, ATPM And Co

The QRB's updated guidance places renewed emphasis on engagement-quality reviews for listed and public-interest entities.

Audit committees should confirm that the engagement letter, independence declarations and rotation position are on record before the year-end close.

Firms are also expected to document the basis for materiality, significant estimates and going-concern conclusions with a clearer audit trail.

Official source

ICAI — Quality Review Board

Disclaimer

This note is a general summary written for professional colleagues and clients of ATPM And Co. It reflects the position of law as at the date shown and is not a substitute for professional advice on the specific facts of any matter. Readers should consult the firm before acting on any point covered here.

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