Companies (Auditor’s Report) Order, 2020 – Modifications of new clauses

The Ministry of Corporate Affairs (MCA) has announced a new format of statutory audits of companies. The MCA has notified Companies (Auditor’s Report) Order, 2020 on 25 February 2020 (CARO 2020). The Company Auditor’s Report Order (CARO) is the list of reporting requirements that are needed from the Auditor who audits a company/business. CARO 2020 has included additional reporting requirements after consultations with the National Financial Reporting Authority (NFRA). It aim is to enhance the overall quality of reporting […]