Quarterly GAAP Bulletin - April 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 and focuses on key developments in India and across the globe.

This edition covers updates from January to March 2026. 

Key updates

• The ICAI has issued educational material publications on Ind AS 24 and Ind AS 36, a research paper on liquidation basis of accounting, a handbook on key compliance and exemptions for private limited companies, FAQs on Section 8 companies, and corporate reporting practices of listed companies in India.
• Various opinions issued by the EAC of the ICAI on accounting matters.
• The IRDAI has issued a notification relating to the Ind AS implementation for insurance companies and related reporting requirements, as applicable from 1 April 2026.
• Guidance issued by the ICAI and additional FAQs issued by the Ministry of Labour and Employment on the New Labour Codes.
• The NFRA has, inter alia, issued a circular on effective communication between statutory auditors and those charged with governance, including audit committees.
• SEBI has amended the SEBI LODR regulations for High Value Debt Listed Entities to facilitate ease of doing business and has issued the SEBI (Mutual Funds) Regulations, 2026, to modernise mutual fund regulation and improve transparency and risk management.
• The RBI has issued the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, and Directions on Export and Import of Goods and Services.
• The RBI has amended certain directions on capital market exposures, lending to related parties, the MSME sector, and prudential norms on the declaration of dividends and remittance of profit, among others.

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Quarterly GAAP Bulletin

April 2026

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