Applicability of caro
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2015
Whether CARO is Applicable for November 2015 ipcc Exam?
Ankur Garg
(Expert)
17 August 2015
Applicability of CARO 2015 to November 2015 examination:
Companies (Auditor’s Report) Order, 2015 [CARO] was issued by the Ministry of Corporate Affairs on 10th April, 2015. As per previous notification of ICAI, CARO 2015 was not applicable for May 2015 exam. However, the same is applicable for CA Final Nov 2015 Exams due to the applicability of Section 143 of the Companies Act, 2013 (corresponding to Section 227(1A) of the Companies Act, 1956).
All other legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authority up to 30th April, 2015 is applicable for November 2015 Examination.
Thanks
Companies (Auditor’s Report) Order, 2015 [CARO] was issued by the Ministry of Corporate Affairs on 10th April, 2015. As per previous notification of ICAI, CARO 2015 was not applicable for May 2015 exam. However, the same is applicable for CA Final Nov 2015 Exams due to the applicability of Section 143 of the Companies Act, 2013 (corresponding to Section 227(1A) of the Companies Act, 1956).
All other legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authority up to 30th April, 2015 is applicable for November 2015 Examination.
Thanks
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