CARO Report#
Legal Framework#
- Companies (Auditor's Report) Order, 2020
- Issued under Section 143(11) of Companies Act, 2013
- Applicable from FY 2019-20
Applicability#
Applies to all companies:
- Listed companies
- Public companies (turnover > ₹50 crore or borrowings > ₹25 crore)
- Private companies (if above thresholds)
- Wholly-owned subsidiaries
Reporting Areas#
1. Property, Plant & Equipment
- Title deeds
- Revaluation
- Immovable property
2. Inventory
- Physical verification
- Procedure
3. Loans
- Loans given
- Security and terms
4. Deposits
- Deposits accepted
- Compliance with RBI/other laws
5. Internal Controls
- Internal controls adequacy
- Internal audit findings
6. Statutory Dues
- PF, ESI, GST, etc.
- Delays in payment
7. Undisclosed Income
- Deposits with banks
- Investment details
8. Borrowings
- Debentures
- Term loans
9. NPA
- Loans and advances
- Asset classification
10. Loans to Directors
- Loans to directors/relatives
11. Public Deposits
- Acceptance of deposits
12. Cash Losses
- Cash losses in current year
13. Resignation of Auditors
- Resignation details
Format#
- Separate statement
- Annexure to audit report
- Paragraph-wise reporting