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auditor's report

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(Querist)
01 November 2008 If a company is covered under caro during one financial year, will it continue to be under the act, despite the fact that it is expemt under Clause 1(2) (iv).
I mean while preparing the audit report, will we have to check the applicability for each year.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
01 November 2008 Yes, we should check the applicability conditions, for each financial year.
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Shobhit Singhee

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Shobhit Singhee (Expert)
01 November 2008 Appilcabilty conditions are required to be checked under each clausewise'

If Caro is applicabel then only it will be covered in that yeat
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vandana

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vandana (Querist)
03 November 2008 thanks
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