CARO Reporting

As per the CARO requirement, if the management can satisfy the auditor that, eventhough the assets lost in the fire, their going concern will not affect, then no need to qualify the matter in the caro report. but if the auditor is not satisfy with the view of the managment, he has to extend his audit in depth and collect the documentory evidence which shows that the going concern will not affect. and this regard aprat from the external evidence, auditor can take management representation on the matter of the going concern applicability.