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  1. CARO 2020 is a new format for the issue of audit reports in case of statutory audits of companies under Companies Act, 2013. CARO 2020 has included additional reporting requirements after consultations with the National Financial Reporting Authority (NFRA).

  2. CARO 2020 contains several significant changes and several new reporting requirements vis-à-vis CARO 2016. In July 2020, the Auditing and Assurance Standards Board of ICAI issued the Guidance Note on the Companies (Auditor’s Report) Order, 2020 (“Guidance Note on CARO 2020”) to provide detailed guidance to auditors on various

  3. Dec 19, 2020 · CARO, 2020 Further extension for applicability by one year, i.e. up to 1st April, 2021. This is to inform you that the Ministry of Corporate Affairs vide Order dated 17.12.2020 has extended the applicability date of Companies (Auditor’s Report) Order, 2020 for one more year, i.e. for the financial years commencing on or after the 1st April, 2021.

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  5. Feb 25, 2020 · MCA Notifies Companies (Auditor’s Report) Order, 2020 (CARO 2020). The CARO, 2020 is applicable for audit of financial statements of eligible companies for the financial years commencing on or after the 1st April, 2019.

  6. 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.

  7. Aug 31, 2023 · Learn about the reporting requirements, compliance, and key considerations for your company’s audit under CARO 2020. Find answers to 21 FAQs on PPE, inventories, loans, investments, guarantees, securities, and more.

  8. Dec 23, 2022 · These requirements with respect to the Auditor’s Report have been provided under the Companies Auditor Report Order (CARO) Rules. In this article, we look at the various requirements placed on an Auditor under CARO 2016 rules.

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