The Institute of Chartered Accountants of India (ICAI) has extended the implementation of Phase IV of its Peer Review Mandate by one year, moving the effective date from January 1, 2026, to December 31, 2026. This extension provides CA firms additional time to prepare for mandatory compliance. Phase IV requires specific firms, including those auditing public sector bank branches and those with three or more partners providing attestation services, to obtain a Peer Review Certificate.