29th March, has been notified by the MCA. Also the ICAI has issued Guidance Note on CARO for guidance of it’s members. Guidance Note on CARO AASB-ICAI. CARO has introduced a number of new or modified reporting requirements for the auditors. Companies (Auditor’s Report) Order, (CARO ) issued by the Ministry of Corporate Affairs (MCA) is applicable for audits of financial.
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Announcement on Applicability of Section 12 to Financial Years beginning on or guieance 1st April Mangesh Pandurang Kinare CA. Know the CPE Hours credit status. Babu Abraham Kallivayalil CA.
Nihar Niranjan Jambusaria CA. Know the CPE Hours credit status. The Order contains certain matters on which the auditors of companies have to make a statement in their audit report. Madhukar Narayan Hiregange CA. Objectives To review the existing and emerging auditing practices worldwide and identify areas in which Standards on Quality Control, Engagement Standards and Statements on Auditing need to be developed.
Narada Prasad Sahu CA. E-Learning on Standards on Audit. Free Download – Publications. Other Technical Literature on Auditing. Some of the significant clauses added, inter alia, by CARO, are requiring the auditor to report on maintenance of proper inventory records, disposal of significant part of fixed assets of the company affecting the going concern, the use of funds raised by companies through public issues, requiring the auditor to report whether any fraud on or by the company has been noticed or reported during the year under audit, the application of funds raised on short-term basis for long-term purposes, etc.
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Secretary to the Committee, CA. Look up Notd Events in my location. The purpose of the Statement is to enable the members of the Institute to comply with the requirements of the Companies Auditor’s Report Order, Ranjeet Kumar Agarwal CA.
Free Download – Publications. Shiwaji Bhikaji Zaware CA.
No part of the contents available in any ICAI publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from the Institute.
Nilesh Shivji Vikamsey CA. Guidance Notes crao Auditing Aspects.
Venugopala Rao Special Invitees Dr. In addition, the Statement, at appropriate places also contains illustrative wordings of the report under a particular clause of the Order.
Anil Satyanarayan Bhandari CA.
Sign up for an Event. Sanjiv Kumar Chaudhary CA. CARO, supercedes the earlier Order issued inviz. Sign up for an Event. To formulate Engagement Standards, Standards on Quality Control and Statements on Auditing so that these may be issued under the authority of the Council of the Institute.
The Statement also contains detailed clause-by-clause guidance on all the reporting requirements under the Companies Auditor’s Report Order Guidnace Lal Agarwal Objectives To review the existing and emerging auditing practices worldwide and identify areas in which Standards on Quality Control, Engagement Standards and Statements byy Auditing need to be developed.