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CARO

Latest Articles


Reporting Loans, Guarantees, Securities & Investments under CARO, 2020

Company Law : Learn about CARO, 2020 guidelines for reporting loans, guarantees, security, and investments by companies to ensure compliance and...

July 18, 2024 1212 Views 0 comment Print

Reporting Paragraphs in Audit Report & FAQs on Audit Trail under Rule 11(g)

Company Law : Ensure compliance with updated Reporting on Audit Trail under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 for 202...

July 18, 2024 18585 Views 0 comment Print

Going Concern – Standards on Auditing (SA) 570

CA, CS, CMA : Explore the significance of SA 570 in financial audits, focusing on the going concern basis, auditor responsibilities, risk assess...

March 5, 2024 3258 Views 0 comment Print

21 FAQ’s on Companies Auditor Report Order (CARO) 2020 in India

Company Law : Get answers to 21 FAQs on the Companies Auditor Report Order (CARO) 2020 in India. Understand reporting requirements, compliance, ...

August 31, 2023 13503 Views 0 comment Print

Audit Manual for Small & Medium Enterprises (SME) for Financial Year 2022-2023

Company Law : Unlock the insights of the Audit Manual tailored for Small & Medium Enterprises (SME) for the Financial Year 2022-2023. Navigate t...

July 31, 2023 52974 Views 4 comments Print


Latest News


Guidance Note on Companies (Auditor’s Report) Order, 2020 (Revised 2022 Edition) 

Company Law : Guidance Note on the Companies (Auditor’s Report) Order, 2020 (CARO 2020) to provide detailed guidance on reporting requirement...

July 16, 2022 53883 Views 0 comment Print

Exposure Draft of Revised Guidance Note on CARO 2020

Company Law : Exposure Draft of Revised Guidance Note on CARO 2020 issued by the Auditing and Assurance Standards Board of ICAI The Auditing and...

June 11, 2022 4764 Views 0 comment Print

Implementation Guide on Reporting under Rule 11(e) & 11(f) of Companies (Audit and Auditors) Rules, 2014

Company Law : Implementation Guide on Reporting under Rule 11(e) and Rule 11(f) of the Companies (Audit and Auditors) Rules, 2014 The Ministry o...

April 26, 2022 32193 Views 0 comment Print

CARO 2016 applicable for November 2021 CA IPCC /Intermediate/Final Exams

CA, CS, CMA : This is to bring to the attention of the students that Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate ...

July 26, 2021 711 Views 0 comment Print

CARO 2020 not applicable for May 2021 CA Examinations

CA, CS, CMA : Companies (Auditor’s Report) Order, 2020 is not applicable for the IPCC, Intermediate, Final (Old) and Final (New) examinations ...

February 11, 2021 5241 Views 0 comment Print


Latest Notifications


NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...

June 26, 2023 10686 Views 0 comment Print

MCA deffers Applicability of CARO 2020 to FY 2021-22

Company Law : MCA vide order dated 17.12.2020 has changed the applicability date of Companies (Auditor’s Report) Order, 2020 to the financial ...

December 17, 2020 68325 Views 0 comment Print

MCA defers applicability of CARO 2020 to 1st April 2020 (FY 2020-21)

Company Law : MCA has vide its order dated 24th March 2020 announced that CARO 2020 will applies, for the financial years commencing on or after...

March 24, 2020 36195 Views 1 comment Print

Companies (Auditor’s Report) Order, 2020 (CARO 2020)

Company Law : (1) This Order may be called the Companies (Auditor's Report) Order, 2020. (2) It shall apply to every company including a foreign...

February 25, 2020 292446 Views 9 comments Print


Fixed Assets Management – Legal Compliances

September 12, 2022 7116 Views 0 comment Print

Whether the company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment.

Format of Independent Auditor’s Report for FY ending 31/03/2022 | Auditor’s Report as per CARO 2020

August 23, 2022 233553 Views 5 comments Print

Learn about the format of Independent Auditors Report for FY ending 31/03/2022 as per CARO 2020. Understand the key components and requirements for a comprehensive audit report.

Applicability of CARO 2020 & amended Schedule III on Annual Filing of FY 2021-22

August 19, 2022 87504 Views 0 comment Print

Amended Schedule-III & CARO 2020 is applicable on Statutory Companies Auditor’s Report which is to be prepared for Financial Year 2021-22.

Format of Audit report of a Private Limited company with CARO & IFC

August 10, 2022 182721 Views 2 comments Print

Get a complete guide to the format of audit reports for private limited companies with CARO & IFC. Understand the requirements and compliance under the Companies Act, 2013.

Guidance Note on Companies (Auditor’s Report) Order, 2020 (Revised 2022 Edition) 

July 16, 2022 53883 Views 0 comment Print

Guidance Note on the Companies (Auditor’s Report) Order, 2020 (CARO 2020) to provide detailed guidance on reporting requirements of CARO 2020

CARO REPORTING Format as applicable from 01st April 2022

July 5, 2022 351477 Views 6 comments Print

Understand the CARO Reporting format applicable from April 2022 for companies. Learn about the exemptions and requirements for financial statements.

Statutory Audit Manual 2021-22 under Companies Act, 2013

June 30, 2022 15900 Views 2 comments Print

Articles contains Updated CARO New Format, Schedule III New Requirements, Board Reports Format, Management Representation Letter, AS requirements for Corporates / Non-Corporates, Audit Program, Audit Report Format etc. AUDIT MANUAL SMALL & MEDIUM ENTERPRISES (Contains Format of CARO 2020, Additional Requirements of Schedule III) 2021-2022 (updated till 27.06.2022) INDEX OF CONTENTS PAGE PARTICULARS 4 KEY […]

Format of CARO 2020

June 28, 2022 124368 Views 0 comment Print

Understand the new format of CARO 2020 and its requirements for corporates and non-corporates. Get insights on audit procedures and reporting.

Brief History of CARO & Applicability/Coverage of CARO 2020

June 11, 2022 21840 Views 0 comment Print

Companies (Auditor’s Report) Order i.e. CARO was first introduced in 1988, when central government first introduced Manufacturing and Other Companies (Auditor’s Report) order 1988, which later replaced by CARO 2003, CARO 2004, CARO 2015, CARO 2016 and now with CARO 2020.

Exposure Draft of Revised Guidance Note on CARO 2020

June 11, 2022 4764 Views 0 comment Print

Exposure Draft of Revised Guidance Note on CARO 2020 issued by the Auditing and Assurance Standards Board of ICAI The Auditing and Assurance Standards Board (AASB) of the ICAI had issued the ‘Guidance Note on the Companies (Auditor’s Report) Order, 2020‘ (Guidance Note on CARO 2020) in July 2020 to provide detailed guidance to auditors […]

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