Professional Guide to CARO 2020

This 3rd Edition (2025) of Professional Guide to CARO 2020 by G. Sekar, published by Commercial Law Publishers (India) Pvt. Ltd., offers an in-depth and practical interpretation of the Companies (Auditor’s Report) Order, 2020, updated as per the latest amendments and ICAI Guidance Note.

The book provides clause-by-clause commentary along with reporting formats, making it an indispensable guide for auditors, accountants, and corporate professionals tasked with compliance under CARO 2020.

Key features include:

• Comprehensive coverage of all reporting clauses, including PPE & intangible assets, inventory verification, loans & advances, compliance with Sections 185/186, public deposits, cost records, statutory dues, undisclosed income, repayment defaults, frauds, company registration & NBFC matters, related party transactions, internal audit systems, and CSR reporting

• Clause-wise analysis with practical checklists to ensure thorough compliance

• Guidance on drafting CARO reports with illustrative formats

• Special focus on reporting in case of branch audits, consolidated financial statements, and industry-specific scenarios

• Inclusion of Schedule III disclosure requirements and cross-references to Companies Act, 2013 provisions

• Highlights of common pitfalls, red-flag indicators, and audit best practices

This edition is highly useful for:

• Statutory auditors and audit firms

• Chartered Accountants and accounting professionals

• Company secretaries and compliance officers

• Corporate finance teams responsible for statutory reporting

With its clear structure, practical approach, and updated coverage, this book is a must-have guide for ensuring robust and accurate auditor reporting under CARO 2020.