Discuss the reporting requirements of the auditor under CARO, 2020.
CA Intermediate · Auditing and Ethics · PYQS · May 2026
Discuss the reporting requirements of the auditor under CARO, 2020.
Suggested Answer and Working Notes:
Disclosure requirements of shareholding of promoters under Schedule III (Part I) of the Companies Act, 2013: As per clause (xv) of Paragraph 3 of CARO, 2020, the auditor is required to report whether the company has entered into any non-cash transactions with directors or persons connected with him and if so, whether the provisions of section 192 of the Companies Act, 2013 have been complied with.
Topics: Audit Report
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