CARO 2020 introduced a new clause on:
AMarketing expenses
BCapital structure
CWhistle-blower complaints received during the year and considered by the auditor (Clause xviii in spirit)
DSustainability reporting
Answer & Solution
Correct answer: D. Sustainability reporting
1. CARO 2020 expanded reporting to include whistle-blower complaints (relevant clause), resignation of statutory auditor, and others.
2. It also added Clause (xxi) on group CARO consolidation observations.
3. Sustainability, marketing, capital structure are not CARO 2020 additions.
_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: