The Companies (Auditor’s Report) Order, 2020, as amended, applies to the audit of financial years commencing on or after which date?
Question and options
The Companies (Auditor’s Report) Order, 2020, as amended, applies to the audit of financial years commencing on or after which date?
1 April 2022
1 April 2021
1 April 2020
1 April 2019
Answer and explanation
Correct answer: B - 1 April 2021
CARO 2020 was issued under section 143(11) of the Companies Act, 2013 to apply from financial years beginning on or after 1 April 2020, but an amendment order of 17 December 2020 put this back to 1 April 2021. The audit of financial year 2020-21 therefore remained under CARO 2016.
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