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good morning friends A small doubt in Caro 2016.
what was reason Caro 2016 will not apply to the auditor 'S report on. consolidated financial statements.
Replies (2)
When it apply on standalone balance sheet then why it should be applied on consolidation???
CARO is for Standalone only, because you can't expect an Auditor of Holding company to verify & Check items which are related to Subsidiaries, associated & JV companies.
Simple reason.
Simple reason.
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