Limit of 60 Assignments per CA/Partner: ICAI Officially Notifies New Tax Audit Cap from AY 2026-27

The ICAI (Institute of Chartered Accountants of India) has officially notified a "new tax audit cap of 60 assignments per CA partner from AY 2026-27." This regulatory change aims to enhance the quality and integrity of tax audits performed by Chartered Accountants. By limiting the number of assignments, ICAI seeks to ensure that auditors can dedicate sufficient time and resources to each engagement, thereby improving professional standards, reducing potential conflicts of interest, and strengthening the overall reliability of audited financial statements submitted for tax purposes.