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of <h1>Auditors Must Report Frauds Over One Crore Rupees to Government Under Amended Rules; Notify Board Within Two Days</h1> The Companies (Audit and Auditors) Amendment Rules, 2015, mandate that auditors, including Chartered Accountants, Cost Auditors, and Secretarial Auditors, report frauds involving amounts of one crore rupees or more to the Central Government. The process involves notifying the company's Board or Audit Committee within two days of discovering the fraud and forwarding their responses to the government within 15 days. If no response is received within 45 days, the auditor must still report to the government. For frauds involving lesser amounts, the auditor reports to the Board or Audit Committee, and details are disclosed in the Board's Report.
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