CARO

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 Very nice.....It's Really good.....

This is really good. So interesting. But can you please tell me what is this 'Money, Applied, Director's interested, Not less than 5 yrs, and Fraud ?' with relating to CARO . Can you please give me explanatory points to it?

The auditor has to enquire into these matters:

MONEY- If any money has been raised through public issues,whether the end use of that money has been disclosed.

APPLIED- Whether term loans have been applied for the purposes for which they were obtained.

DIRECTORS INTERESTED- If there are any contracts with parties related to directors which are covered by the register u/s 301,whether there are any transactions exceeding rs.5 lakhs per party in any financial year,and whether the prices paid or received is reasonable when compared to the prevailing market prices.

NOT LESS THAN 5 YEARS COMPANY- Whether the company has accumulated losses which is not less than 50% of the net worth,and whether the company has suffered cash losses during the year.

FRAUD- If there has been any fraud during the year,what is its nature and amount.

 visit   www.castudent.co.nr

thanks reallly good style for learning...  .................