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CARO 2020 is applicable for all statutory audits commencing on or after 1 April 2021 corresponding to the financial year 2020-21. The order is applicable to all companies which were covered by CARO 2016.
Feb 22, 2024 · Learn about the applicability of CARO report - requirements, exemptions, and key details for companies' auditor's reports.
(Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020. CARO 2020 was initially applicable for audits of financial year 2019-20 and onwards. Subsequently its applicability was deferred two times vide notification dated 24th March 2020 and 17th December 2020. CARO 2020 is applicable for audits of financial year 2021-22 and onwards.
Jul 5, 2022 · Understand the CARO Reporting format applicable from April 2022 for companies. Learn about the exemptions and requirements for financial statements.
Mar 3, 2023 · Latest key amendments effective from 1st April 2023. Affluence Advisory , Last updated: 03 March 2023. Share. Brief highlights of the Recent Key Amendments which will become effective from April 01, 2023, and actions to be taken by the respective Companies for the same.
Jun 13, 2024 · KEY CHANGES. New Format of CARO 2020 (applicable w.e.f. 01.04.2021) Major Changes in Schedule III (w.e.f. 01.04.2021) Quoting UDIN (ICAI) is made mandatory. For all Certificates w.e.f. 1st February, 2019. For all GST and Tax Audit Reports w.e.f. 1st April, 2019. For all other Audit, Assurance and Attestation functions w.e.f. 1st July, 2019.
Jul 13, 2022 · CARO 2020 is applicable on all reports issued by the statutory auditors on accounts of each company audited for financial years starting from or after 1st April 2021.
Jun 27, 2023 · Applicability of CARO 2023: The specific applicability criteria for CARO 2023 will be outlined in the official notification issued by the MCA. It is important for companies and their...
May 15, 2024 · The Companies Auditing and Reporting Requirements Order (CARO) is a set of guidelines issued by the Ministry of Corporate Affairs (MCA) in India that outlines the auditing and reporting requirements for companies.
Feb 1, 2024 · 8 Reporting on Rule 11(g) is applicable from the financial year 2023-24. Accordingly, this reporting w.r.t. preservation of audit trail would be relevant from the second year i.e. financial year 2024-25.
