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ICAI’s Guidance Note on CARO 2016 by MCA [24 April, 2016] The MCA has issued the Companies (Auditor’s Report) Order, 2016 (CARO, 2016) which is applicable for audits of financial statements for periods beginning on or after April 1, 2015.
Mar 29, 2016 · MCA notifies Companies (Auditor’s Report) Order, 2016 (CARO 2016) MINISTRY OF CORPORATE AFFAIRS. ORDER. New Delhi, the 29th March, 2016. S.O. 1228(E).
Jun 15, 2024 · The CARO 2016 was applicable for the financial years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20. Subsequently, the Ministry of Corporate Affairs (MCA) issued CARO 2020 for all statutory audits commencing on or after 1 April 2021 corresponding to the financial year 2020-21 onwards.
(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.
Short title, application and commencement.-. (1) This Order may be called the Companies (Auditor's Report) Order, 2016. It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except–.
Jun 2, 2016 · Applicability of CARO, 2016. Every Report made by the auditor under section 143 of the 2013 would include CARO 2016 and CARO 2016 is applicable for Financial Year 2015-16, Financial Year 2016-17 and subsequent years.
Jul 11, 2016 · CARO 2016, is applicable from FY 2015-16 and CARO 2016 is applicable for Financial Year 2015-16, Financial Year 2016-17 and subsequent years and the matters specified therein shall be included in each report made by the auditor u/s 143 on the account of every company to which CARO 2016 applies.
Application of CARO 2016: CARO, 2016 shall apply to every company including a foreign company as defined in Sec. 2(42) of the Companies Act, 2013, except: (i) a banking company; (ii) an insurance company; (iii) a company licensed to operate u/s 8 of the Companies Act;
Mar 11, 2023 · Accordingly, CARO – 2016 is issued by the CG in pursuance with the provisions of sub-section (11) of section 143 as an additional matters to be included in the report of auditors. Therefore, CARO – 2016 should be complied by the Statutory Auditor of every Company on which it applies.
(Auditor’s Report) Order, 2016 (CARO 2016) on 9 February 2016. This issue of First Notes provides an overview of the draft CARO 2016 and is divided into following sections : • Applicability of the CARO 2016 • Companies covered under the CARO 2016 • New reporting requirements prescribed in the CARO 2016
