Audit Reporting Obligations updated: revised audit forms require extensive particulars and disclosures under section 44AB. Amendment replaces Forms 3CA, 3CB and 3CD prescribing revised audit report formats under section 44AB and requires Form 3CD as an annexed statement of particulars. Form 3CD mandates identifying data, business and accounting particulars, deviations from accounting standards, inventory valuation, conversion of assets, detailed depreciation schedules, disclosures of inadmissible amounts and deemed incomes, loans and repayments not made by account payee instruments, tax deduction and collection particulars, brought forward losses and change-in-shareholding effects, and reporting of related statutory audits and tax demands or refunds.