alleryStart learning →Which company is excluded from CARO 2020 by its clause 1(2)?
AA government company
BA listed public company
CA banking company
DA holding company
Answer & Solution
Correct answer: C. A banking company
Banking companies as defined in section 5(c) of the Banking Regulation Act, 1949 are excluded.
Keep practising Auditor's Report on Financial Statements
Browse all Auditor's Report on Financial Statements questions for CA Final, or explore more Auditing topics.
Related questions
CARO 2020 clause 3(xvi) covers registration under section 45-IA of which Act?CARO 2020 clause 3(xxi) asks about qualifications in whose CARO reports?Under CARO 2020 clause 3(xx)(b), unspent CSR for an ongoing project goes where under s.135CARO 2020 clause 3(xix) is about the auditor's opinion on what?CARO 2020 clause 3(xvii) asks about cash losses in how many financial years?CARO 2020 clause 3(xv) on non-cash transactions with directors relates to which section?CARO 2020 clause 3(xiv)(a) asks whether the company has what?CARO 2020 clause 3(xiii) checks related party transactions against which sections?