The IUP Journal of Accounting Research and Audit Practices:
A Note on Companies (Auditor's Report) Order, 2003 and 2015

Article Details
Pub. Date : Oct, 2018
Product Name : The IUP Journal of Accounting Research and Audit Practices
Product Type : Article
Product Code : IJARAP51810
Author Name : Kabir
Availability : YES
Subject/Domain : Finance
Download Format : PDF Format
No. of Pages : 09



The Central Government in consultation with the Institute of Chartered Accountants of India, constituted under the Chartered Accountants Act, 1949 (38 of 1949), came up with the Companies (Auditor's Report) Order, 2003 (referred to as 'CARO, 2003') which was required to be specified in the Auditor's Report. Simultaneously, by virtue of Subsection (11) of Section 143 of Companies Act, 2013 (hereinafter referred to as 'Act, 2013'), the Central Government has conferred powers and has issued an order to be called as Companies (Auditor's Report) Order, 2015 (referred to as 'CARO, 2015') dated April 10, 2015 specifying only 13 matters required to be specified in the Auditor's Report for the financial year-ending March 31, 2015.


The present paper is based on the reviewed literature and researcher's own viewpoint. It helps to understand the concept of CARO 2015 in India and its implication for the Indian companies' accounting, auditing and reporting regime.


Upload Articles
Click here to upload your Articles



Articles of the Month
ISBN: 978-81-314-2793-4
Price: ₹250
Payment by D.D. favouring
"ICFAI A/c IUP", Hyderabad

Reach us at
Tel: +91 8498843633