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    <title>Norms of Corporate Fraud Reporting</title>
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    <description>Amendment substitutes sub-section (12) of section 143 to require auditors to report frauds above a prescribed monetary threshold to the Central Government, while frauds below that threshold are to be reported to the Audit Committee or the Board in the prescribed manner, and companies whose auditors report frauds to the Audit Committee or Board but not to the Central Government must disclose details of such frauds in the Board&#039;s report as prescribed.</description>
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      <description>Amendment substitutes sub-section (12) of section 143 to require auditors to report frauds above a prescribed monetary threshold to the Central Government, while frauds below that threshold are to be reported to the Audit Committee or the Board in the prescribed manner, and companies whose auditors report frauds to the Audit Committee or Board but not to the Central Government must disclose details of such frauds in the Board&#039;s report as prescribed.</description>
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