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<h1>New Auditor Reporting Requirements Under Companies Act 2013: Fixed Assets, Loans, Compliance & More Explained.</h1> The Companies (Auditor's Report) Order, 2015, issued by the Ministry of Corporate Affairs, mandates specific reporting requirements for auditors under the Companies Act, 2013. It applies to most companies, excluding certain categories like banking, insurance, and small private companies. Auditors must include statements on the maintenance and verification of fixed assets, inventory records, loan transactions, internal controls, compliance with statutory dues, and instances of fraud, among other matters. If auditors provide unfavorable or qualified responses, they must explain their reasons. This order supersedes the previous 2003 order and is effective from its publication date.