CARO 2020 stands for:
ACompany Audit Regulation Order
BCompanies Act Reporting Order
CCompanies (Auditor's Report) Order 2020
DCentral Audit Reporting Order
Answer & Solution
Correct answer: D. Central Audit Reporting Order
1. CARO 2020 = Companies (Auditor's Report) Order 2020.
2. Issued by the Central Government under Section 143(11) of the Companies Act 2013.
3. It mandates additional reporting on 21 clauses.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
Related questions
A government company's auditor is appointed by:Internal Financial Controls (IFC) reporting under Section 143(3)(i) requires reporting on:A statutory auditor who has resigned is required, per ICAI guidance, to:CARO 2020 Clause (xi) regarding fraud requires the auditor to report:The Audit Committee's role under Section 177(4) includes recommending:Auditor's right of access (Section 143(1)) extends to:Cost audit under Section 148 is required for:For a Limited Liability Partnership (LLP), audit is required when: