This article gives an overview of the Internal Audit Series(SIA) 100 and 200. It explains the scope, applicability and objectives of Internal Audit Series(SIA) 100 and 200.
Company auditor's report order (CARO) 2020
In this article, we are providing the summary of NEW & MODIFIED CLAUSES of CARO 2020 as follows:
Clause by Clause Changes in CARO 2020
Key changes under Companies (Auditor's Report) Order, 2020
Companies Auditor Report Order (CARO) Rules, 2020
The MCA has issued the Companies (Auditor's Report) Order, 2020 (CARO 2020), on 25th February 2020. This order has been issued in supersession of the Companies (Auditor's Report) Order, 2016
Tax Audit U/s 44AB limit has been proposed to increase up to Rs. 5Cr. from AY 2020-2021 for MSME sector in Union Budget 2020 but several conditions apply.
In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year.
SEBI circular on the resignation of statutory auditors