The Companies Auditor’s Report Order, 2020 (CARO 2020), introduced detailed requirements aimed at enhancing the transparency and accountability of audits. Among these, clauses 3(xvii) to […]
CARO 2020
CARO 2020 and Schedule III: Implications for Income Tax Assessment
The Ministry of Corporate Affairs introduced the Companies (Auditor’s Report) Order, 2020 (CARO 2020), to enhance transparency in audit reporting. Though CARO 2020 was originally […]
CARO 2020 Reporting Requirements – Applicability to Companies and Auditor’s Responsibilities
The Companies (Auditor’s Report) Order, 2020, widely known as CARO 2020, is one of the most important regulatory mechanisms under the Indian corporate law framework. […]
Understanding CARO 2020: Applicability and Key Provisions for Companies
The Companies Auditor’s Report Order 2020, commonly known as CARO 2020, applies to every company, including foreign companies as defined under Section 2(42) of the […]