ICAI | Exposure Draft: Audit Quality Maturity Model (AQMM) Version 2.0 Open for Public Comments

The Institute of Chartered Accountants of India (ICAI) has released an Exposure Draft for public feedback on the Audit Quality Maturity Model (AQMM) Version 2.0. This model aims to enhance audit quality by providing a structured framework that firms can use to assess and improve their audit processes. Key features include updated metrics and benchmarks to evaluate audit quality maturity across different levels of implementation. Stakeholders, including auditors and regulatory bodies, are encouraged to review and comment on the proposed changes to ensure robustness and relevance in auditing practices.