This document is a revised 2022 edition of the Guidance Note on the Companies (Auditor's Report) Order, 2020 (CARO 2020). It offers detailed guidance to auditors on the reporting requirements of CARO 2020, particularly in light of amendments to Schedule III of the Companies Act, 2013. The note is written in an easy-to-understand language and covers all clauses of CARO 2020, making it a valuable resource for auditors and other stakeholders.