Navigate statutory audit scope, company reporting and CARO responsibilities with focused practice guides.
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Understand when CARO applies, which companies are exempt and what auditors must report. A worked borrowing example explains why a short rise above the limit can matter even when the year-end balance is lower.
Internal audit and statutory audit serve different purposes. This practical guide explains their scope, appointment, reporting lines, independence, frequency and how companies should use both effectively.
A practical auditor’s guide to CARO 2020 Clause 3(i), covering PPE and intangible-asset records, physical verification, title deeds, revaluation, benami-property proceedings and working-paper checks.
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A practical auditor’s guide to CARO 2020 Clause 3(xvii), explaining how cash losses are computed, why operating cash flow is not the answer, and how OCI, restatements and audit qualifications affect reporting.
A practical CARO 2020 Clause 3(xvi) audit guide covering RBI registration, NBFC/HFC activity, Core Investment Company tests, unregistered CICs, public funds and the group-CIC reporting checklist.
A practical guide to CARO 2020 clause 3(xix), covering the one-year liability population, financial ratios, ageing, cash-flow evidence, post-balance-sheet testing, management plans and audit documentation.
A practical audit guide to CARO 2020 Clause 3(ix), covering repayment defaults, wilful-defaulter status, term-loan end use, short-term funds used long term, group funding and pledged securities.
A practical statutory-audit guide to CARO 2020 Clause 3(xiv), covering how to assess whether an internal audit system is commensurate, how internal audit reports should be considered, and where SA 610 fits.
A practical CARO 2020 Clause 3(ii) guide covering inventory physical verification, the 10% class-wise discrepancy test, the ₹5 crore working-capital trigger and quarterly lender-statement reconciliation.
A practical auditor’s guide to CARO 2020 clause 3(iii), covering loans, advances in the nature of loans, guarantees, security, repayment regularity, 90-day overdues, evergreening and on-demand loans.
A practical CARO 2020 Clause 3(vii) guide for auditing statutory dues: regularity, six-month undisputed arrears, disputed demands, evidence, working papers and common reporting mistakes.
A practical auditor’s guide to CARO 2020 Clause 3(i), covering PPE and intangible-asset records, physical verification, title deeds, revaluation, benami-property proceedings and working-paper checks.
Internal audit and statutory audit serve different purposes. This practical guide explains their scope, appointment, reporting lines, independence, frequency and how companies should use both effectively.
Understand when CARO applies, which companies are exempt and what auditors must report. A worked borrowing example explains why a short rise above the limit can matter even when the year-end balance is lower.
Using this collection
The collection brings together engagement-level statutory audit questions and detailed CARO work. For Income Tax reporting forms and Section 44AB, follow the Tax Audit hub rather than treating the two engagements as interchangeable.
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