ICAI To Release Information Systems Audit Standards Strengthening Digital Assurance

The ICAI has announced that it will roll out a comprehensive set of Information Systems Audit Standards (ISAS) to address the growing complexities of auditing in a digital-first economy. With businesses increasingly reliant on technology, the new standards are designed to ensure that audits remain robust, reliable, and aligned with global best practices.  

The 11 ISAS will provide structured guidance for auditors on evaluating system controls, cybersecurity measures, and data integrity. They are expected to bolster confidence in financial reporting by creating a direct connection between IT systems and accounting accuracy.  

Industry experts believe these standards will play a pivotal role in strengthening governance frameworks, especially as companies adopt advanced digital solutions. By formalizing audit practices in the information systems domain, ICAI is positioning India’s audit profession to meet the challenges of rapid technological change.  

Key Highlights  

• ICAI to release 11 Information Systems Audit Standards (ISAS)  
• Standards designed to strengthen audit processes in digital ecosystems  
• Focus on linking IT system controls with financial reporting integrity  
• Expected to enhance governance and cybersecurity assurance  
• Aligns Indian audit practices with global benchmarks  

Sources: Business Standard, The Economic Times, ICAI Press Release