ICAI defers Peer Review Requirement for Practice Unit covered under Phase III and Phase IV of Peer Review Mandate
ICAI has deferred the mandatory Peer Review requirement for Practice Units, with Phase III now effective from July 1, 2025, and Phase IV from January 1, 2026. This adjustment aims to enhance service quality and broaden the scope of the peer review process. A valid Peer Review Certificate will be required by the auditors for audits under these phases.
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