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    <description>Central Government issues the Companies (Auditor&#039;s Report) Order, 2003 under Section 227(4A) of the Companies Act, 1956, superseding the earlier auditor report order of 1988. The Order, made after consultation with the Institute of Chartered Accountants of India, specifies the classes of companies to which it applies and ancillary matters, and preserves actions taken before the supersession while establishing the regulatory basis for auditor reporting obligations.</description>
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