ICAI to Release LeaseComply ProMax on September 13 for Ind AS 116 Lease Accounting

ICAI's Members in Practice Committee is scheduled to release a new practice utility, LeaseComply ProMax, on 13 September 2026 under its CA PRACTO initiative. The official ICAI page describes the tool as supporting Ind AS 116 lease accounting and says follow-up learning sessions are planned for 16 and 18 September. For Chartered Accountants handling lease accounting, deferred tax, foreign-currency leases or disclosure work, the release creates an immediate opportunity to test a structured calculation and documentation tool against existing firm workflows.

What LeaseComply ProMax is designed to cover

According to ICAI's CA PRACTO page, LeaseComply ProMax supports lease assessment, measurement, remeasurement, deferred tax, foreign-currency treatment and related disclosures under Ind AS 116. ICAI says the utility is intended to provide structured calculations and documentation support for lease-accounting processes.

Those functions sit across several stages of a typical lease file. Initial measurement requires reliable inputs and assumptions; subsequent periods can involve remeasurement; tax accounting may require separate deferred-tax analysis; foreign-currency arrangements can introduce additional complexity; and disclosures need data that is consistent with the underlying computation. A single structured utility can therefore be useful only if users also maintain appropriate review controls around the data entered and the outputs generated.

Release and training dates

- 13 September 2026: ICAI says the LeaseComply ProMax utility will be released.

- 16 September 2026, 6:00 PM to 8:00 PM: practical session on how to use the tool, led by CA Harshal Anjaria.

- 18 September 2026, 6:00 PM to 8:00 PM: Q&A session by CA Harshal Anjaria.

The CA PRACTO page asks members to review the instructions and submit an Expression of Interest for the subsequent follow-up sessions. ICAI states that the joining link for those sessions will be shared on the registered email IDs of members who submit the EOI.

What CA firms should check before using the utility in live work

ICAI expressly states that CA PRACTO is a knowledge-sharing and capacity-building initiative and that members should exercise their own professional judgment before implementation. That caveat is important for any accounting utility. Firms should not treat software output as a substitute for the underlying Ind AS 116 analysis, engagement-level review or audit evidence.

A sensible implementation approach would be to test the utility first on a completed lease population or a controlled sample, compare the result with the firm's existing calculation, document any differences and confirm how the tool handles modifications, remeasurements, tax effects, currency changes and disclosure data. Firms should also determine who can change assumptions, how versions are retained and what evidence will be preserved for review.

Why this release is relevant for audit and financial reporting teams

Lease accounting often combines contract interpretation, financial modelling and disclosure preparation. A structured tool can reduce spreadsheet inconsistency and repetitive work, but it also creates a technology dependency that needs governance. Audit teams using client-generated outputs should understand the underlying logic and inputs before relying on the results; preparers should maintain source documents and a review trail rather than retaining only the final number.

The broader CA PRACTO initiative already lists another Windows-based offline practice-management utility covering due dates, notice replies, document sending and email management. LeaseComply ProMax moves the initiative into a technical accounting use case, making the 13 September release particularly relevant to members working with Ind AS reporting entities.

Practical takeaway: ICAI's LeaseComply ProMax is due for release on 13 September, followed by a practical session on 16 September and Q&A on 18 September. Members interested in using the tool should review the official CA PRACTO instructions, register their EOI for the follow-up sessions and validate the utility within their own review and documentation framework before using it on live engagements.

Official source: View the official source document

Key takeaway

ICAI's Members in Practice Committee is scheduled to release LeaseComply ProMax on September 13, with practical and Q&A sessions on September 16 and 18 for members.