Quarterly GAAP Bulletin - October 2026

Key accounting, auditing and regulatory updates

The latest edition of the Quarterly GAAP Bulletin summarises significant accounting, auditing, and regulatory updates, compiled to meet the needs of dynamic Indian businesses. It focuses on key developments in India and across the globe.

This edition covers updates from July to September 2026. 

Key updates

• The MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2026, effective from 1 April 2026.

• The ICAI has issued the 2026 edition of the Guidance Note on Tax Audit, a manual on the concurrent audit of banks, transfer pricing publications, technical publications, and educational literature on Ind AS 117 and non-corporate entities.

• The EAC of the ICAI issued various opinions on accounting matters.

• The NFRA has issued staff series on Technology in Audit ‘General Principles for Technology Adoption in Audit’ and Auditor-Audit Committee Interaction Series 6 – ‘Dealing with Going Concern Assessment - SA 570 (Revised).

• The SEBI revised the framework for calculating net distributable cash flows for InvITs.

• The RBI revised the timelines for the realisation and repatriation of export proceeds.

• The RBI amended Pillar 3 disclosure requirements for commercial banks.

• The IRDAI published revised formats for the submission of financial results under Ind AS and issued a consultation paper on distribution reforms.

• Some amendments have been introduced to strengthen the MSME development framework.

Read the bulletin

Quarterly GAAP Bulletin

July-September 2026

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