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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.
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–.
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).
(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.
Nov 18, 2017 · 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. The CARO 2016 contains several new/modified reporting requirements vis-a-vis the CARO 2003 / CARO 2015 .
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.
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.
Report of the committee on CARO 2019 A committee was constituted by the Ministry vide order dated 29.04.2019 to examine and recommend matters for inclusion in Companies (Auditor’s Report) Order, 2016 (CARO 2016) and also to ascertain the possibility of making CARO an e-form. 2. The Committee consisted of the following members:- 1.
(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
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;
