New Delhi, Oct. 14 -- The Ministry of Cooperation has mandated a new audit reporting framework for multi-state cooperative societies to help identify financial stress, detect irregularities and strengthen oversight of their operations, according to an official statement issued by the ministry.

The Multi-State Co-operative Societies (Auditor's Report) Order, 2026 (MSCARO, 2026) introduces a uniform reporting system under which auditors will examine key financial, administrative, governance and statutory compliance parameters.

The framework aims to help regulators identify financial problems at an early stage and take corrective action before they develop into more serious concerns.

Under the new rules, auditors will systematically repor...