CARO 2020 applies to ALL companies EXCEPT (broadly):
APublic companies
BOPCs, small companies, banking companies, insurance companies, charitable Section 8 companies, and certain private companies meeting thresholds
CListed companies
DGovernment companies
Answer & Solution
Correct answer: C. Listed companies
1. CARO 2020 paragraph 1(2) lists exemptions.
2. OPCs, small companies, banking, insurance, Sec 8 and certain private companies below thresholds are exempt.
3. Listed and public companies are squarely within CARO's scope.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
Related questions
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