CARO 2020

This book provides a para-wise commentary on Companies (Auditor’s Report) Order (CARO). It is a complete guide on the applicability and the matters that need to be reported by an Auditor on CARO. This book will be helpful for Auditors.

The Present Publication is the 9th Edition, amended up to 31st July 2022, authored by CA Srinivasan Anand G. This book is divided into two divisions:

CARO Reporting under CARO 2020 (Applicable from Financial Year 2021-22)
CARO Report on Consolidated Financial Statements under CARO 2020
The noteworthy features of this book are as follows:

[All-about CARO 2020] which includes the following topics:
Features of CARO 2020
Audit Requirements (Other Audits vs Reporting Requirements u/s 143 of the Companies Act 2013)
Clause-wise Analysis & Commentary on Clauses (i) to (xx) of Para 3 & 4 of CARO 2020
[Para-wise Commentary] dealing with clauses (i) to (xx)
Interpretation Requirements of the Clause in light of the following:
Applicable Legal Provisions
Relevant Standards on Auditing
Revised 2022 Guidance Note of ICAI on CARO 2020
Applicable Requirements of Schedule III of the Companies Act 2013
Requirements of Section 143(1) to (3) applicable to the Clause’
NFRA’s Interpretation of the Reporting Requirements of the Clauses and lapses on the part of auditors pointed out by NFRA in Audit Quality Review Reports (AQRR)
Audit Checklists
Audit Documentation
Sample Auditors’ Remarks under the relevant Clause
Corporate Practices (extracts from the annual reports)
[FAQs] on CARO 2020
[Clause-wise Ready Reckoner] on CARO 2020