Nikita Aggarwal
Quick Summary
The MCA has issued the Companies (Auditors Report) Order, 2020 (CARO 2020), on 25th February 2020 in supersession of the Companies (Auditors Report) Order, 2016. Applicable from: Audit of financial statements for the financial year commencing on or after 1st April 2019. Based on the government's objective to strengthen the corporate governance framework and to improve the overall quality of reporting by the auditors, MCA has proposed significant changes in the CARO 2020. Some of the
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