alleryStart learning →CARO 2020 clause 3(xxi) asks about qualifications in whose CARO reports?
AConsolidated group companies
BOnly the parent company
CCompetitor companies
DAssociate banks only
Answer & Solution
Correct answer: A. Consolidated group companies
Clause (xxi) concerns qualifications or adverse remarks in the CARO reports of companies included in the consolidated statements.
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