Institute of Chartered Accountants of India (ICAI) Issues SSA 5000 Standard for Sustainability Assurance Aligned with ISSA 5000

Exam-focused facts from the 28 September 2026 current affairs briefing.

Key facts

The Institute of Chartered Accountants of India (ICAI) has issued SSA 5000, titled 'General Requirements & Framework for Sustainability Assurance Engagements', to align sustainability assurance in India with global standards.
SSA 5000 aligns with the International Auditing and Assurance Standards Board's (IAASB) ISSA 5000, incorporating specific carveouts tailored to the Indian context.
The new standard will come into force for financial years starting on or after April 1, 2027.
Existing standards SSAE 3000 and SAE 3410 will stand withdrawn once SSA 5000 comes into force.
ICAI is a statutory body set up under the Chartered Accountants Act, 1949, and functions under the administrative supervision of the Ministry of Corporate Affairs.