CARO 2020-Applicability | Applicability of Companies (Auditor's Report) Order,2020 with Case Studies

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  • čas přidán 5. 07. 2022
  • #casansaar #caro #caro2020
    CARO 2020 - Applicability and Reporting | A Detailed analysis on Companies (Auditor's Report) Order, 2020 (CARO 2020) - Applicability of Companies (Auditor's Report) Order, 2020 with Case Studies discussed by CA. Vivek Khurana.
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    • CARO 2020-Applicabilit...
    Applicabile w.e.f. Financial Year commencing on or after 1st April, 2021
    [Vide Order No. S.O. 4588(E), DATED 17-12-2020]
    CARO 2020 will be applicable from Financial Year 2021-22.
    Companies (Auditor’s Report) Order, 2016 (“CARO, 2016”) will continue to be applicable for Financial Year 2020-21.
    The applicability of the CARO would be based on the status of the company as at the balance sheet date.
    What is company auditors report order?,
    In which year companies Auditors report Order introduce?,
    Is there any change in audit report for FY 2021 22?,
    When CARO 2020 is applicable?,
    CARO 2020 applicability for private Companies,
    Is Caro applicable to private company?,
    Is Caro 2020 applicable to private company?,
    Is Caro 2020 applicable?,
    How many clauses are there as per the reporting requirements of Caro 2020?,
    Key Highlights Of The Applicability Of CARO 2020,
    Applicability of CARO - Companies Auditor's Report Order,
    CARO (Companies Auditor's Report Order), 2020,
    CARO 2020 is applicable to the audit reports of the companies registered under the Companies Act, 2013. Since LLP is registered under the Limited Liability Act, 2008, the CARO 2020 does not apply to them.
    Applicability of CARO, 2020 from Financial Year 2021-22,
    What is CARO 2020? And CARO 2020 Applicability,
    CARO Applicability Format - CARO 2020,
    CARO 2020 - Enhanced Reporting,
    CARO-2020 : Applicability from FY 2021-22,
    Illustrative Companies Auditors Report Order (CARO 2020),
    Companies Auditors Reporting Order (CARO) 2020,
    Reporting Requirements Under CARO 2020,
    New requirements including in CARO 2020 reporting,
    What Is Caro 2016, Caro 2020 Applicability Explained With case studies,
    Changes in CARO 2020 - Companies Auditor's Report Order, 2020,
    Companies (Auditor's Report) Order, 2020 (CARO 2020),
    The Companies (Auditor's Report) Order, 2020,
    What is the Company Auditor's Report Order (CARO) 2020?,
    Key changes in CARO 2020 Archives
    What are the new reporting requirements in CARO, 2020?,
    Guidance Notes on Auditing Aspects - ICAI,
    Guidance Note on The Companies (Auditor's Report) Order,
    Webinar on CARO,
    Details Discussion on CARO,
    Knowledge about CARO,
    Caro 2020 applicability,
    What is Caro report & its applicability?,
    What is difference between Caro 2016 and Caro 2020?,
    Is Caro 2020 applicable to consolidated financial statements?,
    Is Caro applicable on one person company?,
    Key Highlights Of The Applicability Of CARO 2020,
    MCA amends applicability date of CARO, 2020,
    New requirements including in CARO 2020 reporting,
    A Detailed analysis on CARO 2020 Part-I
    DISCLAIMER :-
    This Video is for the purposes of information / knowledge and shall not be treated as solicitation in any manner or of for any other purposes whatsoever.
    It shall not to be used for any legal advice /opinion and shall not to be used to rendering any professional opinion. Viewers are advised to kindly go through to original Government publications / notifications and published case laws or judicial pronouncements.
    The statements and opinions expressed in video are those of the speaker and do not necessarily reflect those of the CA Sansaar or any of its employees. CASansaar Team does not take any responsibility for the views of the Speaker.
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Komentáře • 42

  • @casansaarca
    @casansaarca  Před rokem +1

    Please don't forget to Like, Share and Subscribe,
    That's the minimum you can do to appreciate our efforts and boost our morale.
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  • @casansaarca
    @casansaarca  Před rokem +2

    Small Company - New Definition,
    Comparison of #SmallCompany New Definition with Old Definition,
    Benefit of Small Companies
    czcams.com/video/_dRKVlgSPYA/video.html

  • @sameedhakate793
    @sameedhakate793 Před rokem +1

    Wow very well explained.. thank you so much all doughts cleared

  • @satutimahajan5096
    @satutimahajan5096 Před rokem +3

    Great

  • @natorakhan2892
    @natorakhan2892 Před rokem +1

    All the best

  • @keyurparekh660
    @keyurparekh660 Před rokem +1

    Thanks Vivek Sir , Very explanation of all the clause - I have one small doubt
    Q Indian Private Limited company is a subsidiary of a company incorporated outside india- Whther CARO 2020 is applicable? (Indian private Ltd company i.e. Subsidiary has complied all other criteria of exemption).

    • @casansaarca
      @casansaarca  Před rokem

      Already mentioned in the Video,
      Private limited company, not being a subsidiary or holding of a public company,

    • @keyurparekh5178
      @keyurparekh5178 Před rokem

      @@casansaarca Thanks Sir
      Here my doubt is The Holding is the company which is incorporated in UK- in case do we need check whether this company is Public company in the cout of UK ?
      Thanks, 🙏

    • @casansaarca
      @casansaarca  Před rokem

      @@keyurparekh5178 As Per our views, Subsidiary of Foreign Co, then its applicable

  • @billimagicwarld722
    @billimagicwarld722 Před rokem +1

    good luck sir

  • @sandeepvats6366
    @sandeepvats6366 Před rokem

    I have one doubt. If company is a small company but fulfill one condition of clause 5 pvt ltd co turnover is 12cr. Whether caro applicable?

  • @alokchirania184
    @alokchirania184 Před rokem +4

    In case study 3, as I understand if a co is small company then Caro will be not applicable, so in this case ac pvt Ltd is small co because paid up capital is below 2 cr. But you said Caro is applicable but how??

    • @rasik239
      @rasik239 Před rokem +2

      I also have same query, in my view, CARO not applicable, even Case study 8 is also a Small Company & accordingly CARO not applicable

    • @vivekkhurana4774
      @vivekkhurana4774 Před rokem +2

      In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
      If turnover details also there then youn check small company criteria.
      Hope it's clear now.

    • @vivekkhurana4774
      @vivekkhurana4774 Před rokem +2

      @@rasik239 In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
      If turnover details also there then youn check small company criteria.
      Hope it's clear now.

    • @vivekkhurana4774
      @vivekkhurana4774 Před rokem +1

      @@rasik239 In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
      If turnover details also there then youn check small company criteria.
      Hope it's clear now.

    • @alokchirania184
      @alokchirania184 Před rokem +1

      @@vivekkhurana4774 thank you sir now cleared.

  • @vivekkhurana4774
    @vivekkhurana4774 Před rokem +2

    Thanks 🙏

  • @chandralalppurushothamanna3941

    Is CARO applicable to a GOVERNMENT COMPANY(100% shares by GOVT) but registered as sec 8 company

  • @ca.mukesharora7765
    @ca.mukesharora7765 Před rokem

    In case study 3, company is in the definition of small company, then how CARO will be applicable?

    • @casansaarca
      @casansaarca  Před rokem

      In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
      If turnover details also there then youn check small company criteria.
      Hope it's clear now.

    • @casansaarca
      @casansaarca  Před rokem

      In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
      If turnover details also there then youn check small company criteria.
      Hope it's clear now.

  • @CSCP21
    @CSCP21 Před rokem

    How Caro is applicable in case study 3 because paid capital is 1.40 cr and as per definition of small company the limit of puc is 2 cr

    • @casansaarca
      @casansaarca  Před rokem

      Check whether both the conditions applied????

  • @Soniaagg
    @Soniaagg Před rokem +2

    Amazing explanation Sir. Can u pls share the PPT ?

  • @jangidassociates3960
    @jangidassociates3960 Před rokem +1

    Caro is indirectly always applicable on NBFC because networth is always more than 1 crore

  • @sagar_beingrationalist7401

    Where is reporting?

  • @tekkenfan511
    @tekkenfan511 Před rokem +2

    🤣🤣🤣AAP video me Hans rahe Hai 0:03