ICAI proposes major reforms to CA ethics code: higher audit limits and advertising flexibility

The Institute of Chartered Accountants of India (ICAI) announced proposed amendments to its Code of Ethics aimed at modernizing the CA profession. Key reforms include raising audit limits, allowing limited advertising and social media outreach, and aligning Indian standards with global practices. The move seeks to empower smaller audit firms, improve visibility, and enhance audit quality. ICAI also plans to strengthen disciplinary procedures and ethical safeguards to prevent conflicts of interest, marking one of the most progressive overhauls in recent years.