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of <h1>Auditors Required to Report Frauds Over 1 Crore to Government with Detailed Disclosure Protocols and Timely Notifications</h1> Statutory provisions mandate auditors to report frauds involving amounts of one crore rupees or more to the Central Government. The auditor must first notify the Board or Audit Committee within two days, seek their response within forty-five days, and then forward a comprehensive report with comments to the government within fifteen days. For smaller fraud amounts, the auditor must report to the Audit Committee with specific details about the fraud's nature, approximate amount, and involved parties. Annual fraud details must be disclosed in the Board's Report.
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