CARO with Corporate Practices  10th Edition 2023 at Meripustak

CARO with Corporate Practices 10th Edition 2023

Books from same Author: Srinivasan Anand G

Books from same Publisher: TAXMANN

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  • General Information  
    Author(s)Srinivasan Anand G
    PublisherTAXMANN
    Edition10th Edition
    ISBN9789356227286
    Bindingpaperback
    LanguageEnglish
    Publish YearAugust 2023

    Description

    TAXMANN CARO with Corporate Practices 10th Edition 2023 by Srinivasan Anand G

    This book provides a para-wise commentary on the Companies (Auditors Report) Order (CARO). It is a complete guide on the applicability and the matters that need to be reported by an Auditor on CARO. This book will be helpful for Auditors.
    The Present Publication is the 10th Edition and has been amended up to August 2023. This book is authored by CA Srinivasan Anand G and divided into three divisions:
    [Division One] Features of CARO 2020 & its Applicability
    [Division Two] CARO Reporting as Applicable to Standalone Financial Statements
    [Division Three] CARO Reporting as Applicable to Consolidated Financial Statements
    The noteworthy features of this book are as follows:
    [Corporate Practices] from published annual reports of FYs 2021-22 & 2022-23 are included in the book
    [All-about CARO 2020] which includes the following topics:
    Features of CARO 2020
    Audit Requirements (Other Audits vs Reporting Requirements u/s 143 of the Companies Act 2013)
    Clause-wise Analysis & Commentary on Clauses (i) to (xx) of Para 3 & 4 along with Clause (xxi) of Para 3 of CARO 2020
    [Para-wise Commentary] dealing with clauses (i) to (xx)
    Interpretation Requirements of the Clause in light of the following:
    Applicable Legal Provisions
    Relevant Standards on Auditing
    Revised 2022 Guidance Note of ICAI on CARO 2020
    Applicable Requirements of Schedule III of the Companies Act 2013
    Requirements of Section 143(1) to (3) applicable to the Clause’
    NFRA’s Interpretation of the Reporting Requirements of the Clauses and lapses on the part of auditors pointed out by NFRA in Audit Quality Review Reports (AQRR)
    Forward Linkages to the following:
    Tax Audit Report in Form No. 3CD
    Requirements under Section 143(1)/143(3) of the Income-tax Act
    Audit Checklists covering the following
    Checklist in respect of each CARO Clause
    DPT 3 Return Certification
    Nidhi Rules Compliances
    SA 570 (Revised)
    Audit Documentation
    Sample Auditors’ Remarks under the relevant Clause
    Corporate Practices (extracts from the annual reports)
    [FAQs & Case Studies] on CARO 2020
    [Clause-wise Ready Reckoner] on CARO 2020
    The detailed contents of this book are as follows:
    Applicability of Requirements of CARO 2020
    Introduction
    Applicability of CARO 2020
    Reporting under CARO 2020 (As Applicable to Audit of Standalone Financial Statements) [Clauses 3(i) to 3(xx) of CARO 2020]
    Property, Plant and Equipment
    Intangible Assets
    Title Deeds of all Immovable Properties Disclosed in Accounts
    Proceedings Pending against the Company for Holding Benami Property
    Inventory
    Quarterly Statements Submitted to Banks/FIs by Companies Enjoying Sanctioned Working Capital Limits
    Loans or Advances in the Nature of Loans or Guarantees or Security Provided to, or Investments made in Other Entities
    Reporting on Compliance with Sections 185 and 186 as Regards Loans, Investments, Guarantees and Securities
    Acceptance of Public Deposits and Deemed Deposits
    Maintenance of Cost Records
    Payment/Non-Payment of Statutory Dues
    Transactions not Recorded in the Books and Surrendered or Disclosed as Income in Tax Assessment
    Company Defaults in Repayment of Loans/Other Borrowings/in Payment of Interest to any Lender
    End Use of Term Loans
    ‘Asset-Liability Maturity Mismatch’ – Use of Short-Term Funds for Long-Term Purposes
    Funds Taken from Other Entities by Company to Meet Obligations of Subsidiaries, Associates or JVs
    Whether Company has Raised a Loan on Pledge of Securities in Subsidiaries, Associates or JVs
    End Use of Money Raised by Way of IPO/FPO
    Private Placement/Preferential Allotment of Shares/FCDs/PCDs/OCDs
    Frauds Noticed/Reported
    Reporting of Compliances by Nidhi Companies
    Related Party Transactions
    Internal Audit
    Non-Cash Transactions Involving Directors or Connected Persons
    Registration of NBFCs, HFCs and CICs
    Whether Company has Incurred Cash Loss
    Resignation of Statutory Auditors
    Material Going Concern Uncertainty
    Transfer of Unspent CSR Funds
    Reasons to be Stated by Auditor for Qualified or Adverse Remarks
    in CARO Report
    CARO Report on Consolidated Financial Statements under CARO, 2020
    Qualified/Adverse Remarks in CARO Reports of Companies Included in Consolidated Financial Statem