Applicability of Auditor's Report Order clarifies covered companies and specified statutory exclusions under section 143. The Companies (Auditor's Report) Order, 2016, made under sub section (11) of section 143 of the Companies Act, 2013, supersedes the 2015 Order and applies to every company including foreign companies, except specified exclusions. Exempted entities include banking companies, insurance companies, companies licensed under section 8, One Person Companies, small companies, and certain private limited companies meeting prescribed paid up capital, reserves and surplus, borrowing and revenue conditions.