Posted On:  7 months ago


CARO 2016 Applicability and its clauses

This Order may be called the Companies (Auditor’s Report) Order, 2016. It shall apply to every company including a foreign company as defined in the Companies Act, 2013 except:– A banking company as defined in the Banking Regulation Act, 1949. An insurance company as defined under the Insurance Act,1938. A company licensed to operate under section 8 of the Companies Act.

article author CA Chirag Chauhan

Posted On:  1 year ago


Applicability and Companies covered under CARO 2016 (Companies Auditors Report Order)

As per the companies act 2013 every report made by the auditor under Section 143 which is commencing on or after 1 April 2015 would be included under CARO 2016. It would be applicable to every company as mentioned below (except companies that are excluded) including a foreign company as defined under section 2(42) of the 2013 act.

article author CA Chirag Chauhan

Posted On:  1 year ago


Guidance note on Companies Auditors report order 2016 (CARO) Issued by ICAI

The Central Government, in exercise of the powers conferred, under sub-section (11) of section 143 of the Companies Act, 2013* (hereinafter referred to as “the Act”), issued the Companies (Auditor’s Report) Order, 2016, (CARO, 2016/ “the Order”) vide Order No. S.O. 1228(E) dated 29th March, 2016. CARO, 2016 contains certain matters on which the auditors of companies (except of those categories of companies which are specifically exempted under the Order) have to make a statement in their audit report. The text of the CARO, 2016 is given in Appendix I to this Guidance Note.

article author CA Chirag Chauhan

Posted On:  2 years ago


CARO 2016 issued by MCA Ministry of Company Affairs effective for Financial Year 2015-16

MCA has issued CARO 2016 on 30 March 2016 which is effective for Financial Year 2015-16. CARO, 2016 is applicable to every company, including foreign company and prescribed Class of Private Limited Company. CARO is not applicable for banking company, insurance company, Company for which Sec. 8 is applicable, One Person Company.

article author CA Chirag Chauhan