{"id":5224,"date":"2026-04-09T13:27:25","date_gmt":"2026-04-09T13:27:25","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5224"},"modified":"2026-04-09T13:27:26","modified_gmt":"2026-04-09T13:27:26","slug":"misc-icai-announcement-dated-3-03-2026-icai-defers-sqm-1-and-sqm-2-implementation","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/04\/09\/misc-icai-announcement-dated-3-03-2026-icai-defers-sqm-1-and-sqm-2-implementation\/","title":{"rendered":"Misc, ICAI Announcement Dated 3\/03\/2026 &#8211; ICAI Defers SQM 1 and SQM 2 Implementation\u00a0"},"content":{"rendered":"\n<p>The Standards on Quality Management (SQM 1 and SQM 2) were scheduled to come into force from 1<sup>st<\/sup>\u00a0April 2026. These standards were intended to replace the existing Standard on Quality Control (SQC 1), which has been in force since 2009 and governs quality control for audit and assurance engagements. ICAI has decided to postpone the implementation of SQM 1 and SQM 2 until further notice. As a result, SQC 1 will continue to remain applicable to audit firms and professionals for the time being.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1VYM1yFsUfcFegwmFaUoaiIhkvx1BryCL\/view?usp=sharing\"><em>(Link: ICAI Announcement Dated 31\/03\/2026)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Standards on Quality Management (SQM 1 and SQM 2) were scheduled to come into force from 1st\u00a0April 2026. These [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[78,81],"tags":[],"class_list":["post-5224","post","type-post","status-publish","format-standard","hentry","category-misc","category-circulars-misc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Misc, ICAI Announcement Dated 3\/03\/2026 - ICAI Defers SQM 1 and SQM 2 Implementation\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/04\/09\/misc-icai-announcement-dated-3-03-2026-icai-defers-sqm-1-and-sqm-2-implementation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Misc, ICAI Announcement Dated 3\/03\/2026 - ICAI Defers SQM 1 and SQM 2 Implementation\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The Standards on Quality Management (SQM 1 and SQM 2) were scheduled to come into force from 1st\u00a0April 2026. 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