Applicability of New CARO & Amended Schedule III

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If new CARO and amended schedule III will be applicable on Companies Financials, if we are conducting Statutory Audit of a Company for the Financial Year 2020-21 during May, 2022??

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Out of curiosity i wanted to know is stat audit possible for FY 20-21 as this is too late right ?

Stat Audit is possible but penalty may be imposed for delay and non compliance...

But my query is still unanswered....

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