GENERAL20 Sept 2026
ICAI issues new standard on sustainability assurance, effective April 2027
The Institute of Chartered Accountants of India (ICAI) has issued a new sustainability assurance standard, SSA 5000, effective 1 April 2027. It covers disclosures on climate, labour practices and biodiversity. It replaces existing frameworks SSA 3000 and SAE 3410. Two global provisions, on joint audits and forward-looking statements, were left out. If you publish sustainability reports, ask your auditor what changes.
Key Statutory Highlights
- SSA 5000 applies from 1 April 2027 and covers an entity's sustainability disclosures on climate, labour practices and biodiversity.
- From April 2027, the existing frameworks SSA 3000 and SAE 3410 will stand withdrawn.
- SSA 5000 has two carve-outs from the global ISSA 5000: joint audits and forward-looking statements are excluded.
Actionable Advice for Taxpayers / Founders:If your company or entity publishes sustainability information, check your current reporting and assurance arrangements with your chartered accountant well before April 2027 so you are ready for the new standard.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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