Applicability of CARO 2016 The auditors of all other class or classes of companies are required to report on the matters specified in this order. This order applies to foreign companies also and thus, the auditors for such companies are also required to report on the matters specified in CARO, 2016.
Is Caro once applicable always applicable?
17 October 2012 yes, caro is applicable of year basis and its a additional information if not applicable tn u also prepared this report.
Is Caro applicable to branch?
T h e r e f o r e , i t a p p e a r s t h a t C A R O , 2 0 2 0 w h i c h h a s b e e n i s s u e d b y t h e C e n t r a l G o v t . u n d e r s e c t i o n 1 4 3 ( 1 1 ) s h a l l n o t a p p l y t o a u d i t o f b r a n c h e s o f a c o m p a n y .
