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  2. Apr 21, 2022 · The Ministry of Corporate Affairs (MCA) issued the Companies (Auditor’s Report) Order, 2020 on 25 February 2020, applicable from 1 April 2021, corresponding to the financial year 2020-21. Thus, the CARO 2016 is now replaced by CARO 2020, and companies must prepare report as per CARO 2020.

  3. (Auditor’s Report) Order, 2016 (CARO 2016) which is applicable for audits of financial statements for periods beginning on or after April 1, 2015. The CARO 2016 contains several new reporting requirements which were not there in the earlier Orders, i.e, CARO 2003 and CARO 2015.

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  4. Mar 11, 2023 · These reporting requirements on specified matters has now been prescribed under the Companies (Auditor’s Report) Order, 2016 (CARO – 2016) issued by the Ministry of Corporate Affairs (MCA) vide Order No. S.O. 1228 (E) dated 29th March, 2016.

  5. Apr 29, 2022 · The full form of CARO is Company Auditor’s Report Order. This article will look at CARO applicability, master specified, reporting requirement under each clause, etc. Did you know? There are 21 clauses in CARO 2020, compared with 16 clauses in 2016. 7 ne7 new clauses were added, 1 clause was merged with another, and 1 was deleted.

  6. Nov 23, 2018 · CARO 2016: Companies Auditor Report Order. Blog | Account & Audit |. 6 Min Read. By Taxmann. |. Last Updated on 28 February, 2022. Introduction: CARO stands for Companies (Auditor’s Report) Order. It is an order which lists down the matters on which an auditor is required to report. Section 143 of Companies Act, 2013 mandates reporting on CARO.

  7. Jul 11, 2016 · CARO 2016 applies to every company including a foreign company as defines in clause (42) of section 2 of the Companies act 2013. According to section 2 (42) of companies act 2013 foreign company means any company or body corporate incorporated outside India which:

  8. Every report made by the auditor under Section 143 of the 2013 Act for FY commencing on or after 1 April 2015 would include CARO 2016. It would be applicable to every company (except companies that are excluded, see below), including a foreign company as defined under Section 2(42)* of the 2013 Act.

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