{"data": {"schema": "publicfeed.update.v1", "id": "PIB-2323313", "url": "https://publicfeed.in/orders/PIB-2323313", "headline": "Ministry of Cooperation introduces new audit framework for Multi-State Cooperative Societies", "summary": "The Ministry of Cooperation announced on 14 October 2026 the Multi-State Co-operative Societies (Auditor’s Report) Order, 2026 (MSCARO, 2026). This framework introduces a standardized, risk-based statutory audit reporting system where auditors use a Yes/No format to report on financial and governance parameters. The system will be implemented in phases, starting with larger societies that exceed a ₹1,000 crore threshold, with a long-term goal to include those crossing ₹50 crore. The release does not say when it takes effect.", "key_points": ["Initial phase applies to societies crossing the ₹1,000 crore threshold", "Long-term goal: extend framework to societies crossing ₹50 crore in relevant financial parameters", "Auditors must use a standardized Yes/No format for reporting compliance and financial health", "Integration with the CRCS Portal will enable AI-based analytics and risk scoring", "Includes verification of cybersecurity and anti-money laundering compliance"], "issued_date": "2026-10-14", "listing_date": "2026-10-14", "document": {"form": "Press release", "number": "2323313", "type": "Press release", "legal_character": "executive_administrative_instruction", "functions": ["announces", "creates_norms"], "cites": ["Multi-State Co-operative Societies (Amendment) Act, 2023"]}, "issuer": "Ministry of Cooperation", "department": "Ministry of Cooperation", "source": {"key": "pib", "name": "Press Information Bureau", "site": "pib.gov.in", "official_url": "https://www.pib.gov.in/PressReleseDetail.aspx?PRID=2323313"}, "topics": ["audit", "cooperative societies", "governance"], "reader_topics": ["Government services"], "intent": "updates", "states": [], "national": true, "places": [], "applies_to": ["Multi-State Cooperative Societies"], "dates": [], "revision": "869778f00ac6151b", "recorded_at": "2026-10-14T12:41:36.199392+00:00", "provenance": {"method": "ai_summary", "automated_check": "pass", "human_review": "pending"}}, "meta": {"schema": "publicfeed.update.v1", "count": 1, "next": null, "plan": "free", "feed_updated_at": "2026-10-23T20:38:09.107225+00:00", "generated_at": "2026-10-23T21:13:14+00:00"}, "attribution": "Data: PublicFeed (https://publicfeed.in), summarising official documents linked in each record. Summaries are AI-generated and not legal advice; the official original is the authority.", "license": "https://publicfeed.in/terms#data-licence"}