Auditor’s Role and Onerous Responsibility of Reporting of Fraud—An Analysis

Ministry of Corporate Affairs (MCA) on 14th December, 2015 came out with a notification pertaining to reporting of frauds under Rule 13 of the Companies (Audit and Auditors) Amendment Rules, 2015. This notification has also indicated that an amount of rupees one crore or above could be considered an acceptable threshold value of fraud from a reporting standpoint.Ministry of Corporate Affairs (MCA) on 14th December, 2015 came out with a notification pertaining to reporting of frauds under Rule 13 of the Companies (Audit and Auditors) Amendment Rules, 2015. This notification has also indicated that an amount of rupees one crore or above could be considered an acceptable threshold value of fraud from a reporting standpoint.taxmann.com Latest ArticlesRead More

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