https://www.taxtmi.com/news?id=22557 The Companies (Auditor's Report) Order, 2020 (CARO, 2020) revises auditor reporting obligations for eligible companies for financial years commencing on or after 1 April 2019, retaining previous eligibility while adding and redrafting clauses to require detailed auditor commentary. Auditors must report on immovable property title-deeds, Benami proceedings, inventory discrepancies, working-capital security reconciliations, investments and related-party loans, defaults on borrowings, going-concern assessments, cash losses, outgoing auditors' objections, wilful defaulter status, diversion of term loans, frauds, whistle-blower complaints, unregistered NBFC/HFC activities, and subsidiary auditors' qualifications. en-us Wed, 26 Feb 2020 15:37:43 +0530 Wed, 26 Feb 2020 15:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22557 The Companies (Auditor's Report) Order, 2020 (CARO, 2020) revises auditor reporting obligations for eligible companies for financial years commencing on or after 1 April 2019, retaining previous eligibility while adding and redrafting clauses to require detailed auditor commentary. Auditors must report on immovable property title-deeds, Benami proceedings, inventory discrepancies, working-capital security reconciliations, investments and related-party loans, defaults on borrowings, going-concern assessments, cash losses, outgoing auditors' objections, wilful defaulter status, diversion of term loans, frauds, whistle-blower complaints, unregistered NBFC/HFC activities, and subsidiary auditors' qualifications. News - Wed, 26 Feb 2020 15:37:43 +0530 https://www.taxtmi.com/news?id=22557