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The Institute of Chartered Accountants of India has made an announcement regarding the further extension on the applicability of CARO 2020 to 1st April 2021, made by the MCA. Read the official announcement below: Corporate Laws Corporate Governance Committee The Institute of Chartered Accountan
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FAQ :
CARO 2020 refers to the Companies (Auditor’s Report) Order, 2020.
The applicability date for CARO 2020 has been extended to 1st April 2021.
CARO 2020 will be applicable from the financial year 2021-22 onwards.
The extension was announced by the Ministry of Corporate Affairs (MCA) via an order dated 17.12.2020, and communicated by the Institute of Chartered Accountants of India (ICAI).
Yes, the announcement indicates a 'further extension', suggesting previous postponements.
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