Internal Audit Standards Board
The Institute of Chartered Accountants of India
20th July, 2026
Invitation for Comments - Draft Technical Guide on Internal Audit in Upstream Oil & Gas Companies

The Internal Audit Standards Board (IASB) of the Institute of Chartered Accountants of India (ICAI) has undertaken the review and revision of the Technical Guide on Internal Audit in Upstream Oil & Gas Companies, originally issued in June 2007.

The Board requests members to review the Draft Technical Guide on Internal Audit in Upstream Oil & Gas Companies, available at the following link: https://drive.google.com/file/d/1M9x7B6st94V7lT5BBtxEhteFTsIvpoMl/view?usp=sharing

Members are requested to submit their valuable comments and suggestions on the draft on link: https://forms.gle/NjNewBnufYfUCiur5

Comments will be most useful if they:
  • Clearly specify the relevant paragraph number(s);

  • Provide the rationale for the suggested change(s); and

  • Where appropriate, include proposed alternative wording.

Last Date for Submission of Comments: July 31, 2026

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