Accounting & Finance — Guides, Updates & Practical Insights

Auditor Fraud Reporting: The 60-Day Rule Is Gone, Rule 13 Now Runs on Two Days, Forty-Five Days and Fifteen Days

For a fraud involving or expected to involve individually rupees one crore or above, the auditor reports to the Board or Audit Committee immediately but not later than two days of his knowledge, asks for a reply within forty-five days, and then forwards his report to the Central Government within...