13/12/2025
ICAI Update
ICAI Announces Landmark Reforms to Strengthen Indian CA Firms Globally
At the 447th Council Meeting, ICAI approved a series of transformative reforms aligned with Hon’ble PM Shri Narendra Modi Ji’s vision of empowering Indian firms and showcasing India’s professional excellence globally.
Key Highlights:
🔹 Advertising Enabled for CA Firms – A historic change enhancing professional visibility and competitiveness.
🔹 Global Networking Guidelines Approved – Opening doors for Indian firms to collaborate with international networks.
🔹 Convergence with 2024 IESBA Code – Strengthening ethical standards and auditor independence.
🔹 New Sustainability Assurance Standards – Aligning with global sustainability frameworks.
🔹 Expanded MCS Services – Allowing CAs to offer new-age services like AI, forensics, and social impact assessments.
🔹 Digital-Only Audit Fee Payments – Supporting India’s digital economy mission.
These reforms mark a major step toward building Big Indian Firms, enhancing global opportunities, and preparing the profession for the future.