Companies Auditors Report Order CARO 2015

[Deepak Aggarwal]

What are differences between CARO 2003 and CARO 2015 ?

AI Summary

Key Changes in CARO 2015: Deletions & Additions Compared to CARO 2003, Including Section 301 Transactions & Tribunal References The discussion focuses on the differences between the Companies Auditors Report Order (CARO) 2003 and CARO 2015. Key deletions in CARO 2015 include requirements related to the disposal of fixed assets affecting going concern, loans given to parties, interest rates on loans, and transaction entries under section 301. Additions include references to the National Company Law Tribunal and other authorities in deposit acceptance. Specific clauses from the old CARO, such as internal audit requirements, documentation for pledged loans, and clauses related to Nidhi, Chit funds, and securities for debentures, have been removed in the 2015 version.