https://www.taxtmi.com/circulars?id=66511 Statutory auditors must report fraud or suspected fraud discovered during an audit by promptly notifying the Board or Audit Committee and, where required, filing the prescribed statement with the Central Government in the specified form if follow-up responses are not received. Auditors must maintain professional scepticism, not be influenced by company legal opinions, and report even when not the first to identify the issue. Resignation does not absolve the duty to report nor prevent regulatory consequences for participation in fraudulent conduct. en-us Mon, 26 Jun 2023 00:00:00 +0530 Tue, 27 Jun 2023 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66511 Statutory auditors must report fraud or suspected fraud discovered during an audit by promptly notifying the Board or Audit Committee and, where required, filing the prescribed statement with the Central Government in the specified form if follow-up responses are not received. Auditors must maintain professional scepticism, not be influenced by company legal opinions, and report even when not the first to identify the issue. Resignation does not absolve the duty to report nor prevent regulatory consequences for participation in fraudulent conduct. Circulars Companies Law Mon, 26 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66511