ICAI | Applicability of CARO 2016 for May 2021 Intermediate Examinations



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has announced that the Companies (Auditor's Report) Order, 2016 (CARO 2016) will be applicable for the May 2021 examinations. This is due to the Ministry of Corporate Affairs deferring the applicability of CARO 2020. Therefore, CARO 2020 will not be applied to the upcoming IPCC, Intermediate, and Final examinations.

Students may note that Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs would be applicable for May 2021 Examination, since the applicability of Companies (Auditor's Report) 2020 has been deferred by Ministry of Corporate Affairs. Read the official announcement below:

CARO 2016 Applicable for May 2021 ICAI Exams

Important Announcement for IPCC/Intermediate & Final Students
Applicability of CARO 2016 for May 2021 Examinations

This is to bring to the attention of the students that since applicability of Companies (Auditor's Report) 2020 has been deferred by Ministry of Corporate Affairs, accordingly, Companies (Auditor’s Report) Order, 2020 is not applicable for the IPCC, Intermediate, Final (Old) and Final (New) examinations to be held in May 2021. Students may note that Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs would be applicable for May, 2021 Examination.

Director,
Board of Studies

FAQ :

Companies (Auditor's Report) Order, 2016 (CARO 2016) is applicable for the May 2021 examinations.

The Ministry of Corporate Affairs has deferred the applicability of Companies (Auditor's Report) Order, 2020.

Yes, CARO 2016 is applicable for the Intermediate examinations to be held in May 2021.

Yes, CARO 2020 is not applicable for IPCC, Final (Old), and Final (New) examinations scheduled for May 2021, with CARO 2016 being applicable instead.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro



Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details