CARO For Nov 2015 Exams Are Not Applicable

www.caspot.com brings you the exclusive post of CARO For Nov 2015 Exams Are Not Applicable

CARO For Nov 2015 Exams Are Not Applicable

Recently ICAI has issued a notification on CARO NOT Applicable For Nov 2015 Exams stating that CARO is NOT Applicable For Nov 2015 Exams and it clearly states that :

PLEASE SHARE THIS INFO WITH YOUR FRIENDS FROM THE SHARE LINKS GIVEN ABOVE!

ANNOUNCEMENT ON CARO, 2003 AND ADDITIONAL REPORTING UNDER THE COMPANIES ACT, 2013

We are receiving queries from the members regarding applicability of CARO, 2003 along with Auditors’ Report on financial statements of companies for the financial year 2014-15. The Ministry of Corporate Affairs (MCA) is working on it and has constituted a Committee for this purpose to analyse the contents of the Order to be made under section 143(11) of the Companies Act, 2013 for the Financial Year 2014-15. ICAI is also a member of the said committee. We are given to understand by MCA that an Order being a smaller version of CARO 2003, applicable for the financial year 2014-15, may be notified soon under section 143(11) of the Companies Act, 2013. However, at this juncture, to bring more clarity, this Announcement is released in consultation with the Ministry. The Companies Act, 1956 has ceased to have effect from 01st April, 2014. As a corollary, the Companies (Auditor’s Report) Order, 2003 issued under section 227(4A) of the said Act also ceases to have effect from the said date. Section 143(11) of the Companies Act, 2013 which came into force from 01st April, 2014 provides that “the Central Government may, in consultation with the National Financial Reporting Authority, by general or special order, direct, in respect of such class or description of companies, as may be specified in the order, that the auditor’s report shall also include a statement on such matters as may be specified therein.” Accordingly, it may be noted that as when an Order is notified by the Central Government under section 143(11) of the Companies Act, 2013, the members would be required to report thereon as a part of their statutory audit reports. Until the aforesaid Order is issued, no additional reporting under section 143(11) of the Companies Act, 2013 is required by the Auditors for the financial year 2014-15. Members are advised to keep a watch on the MCA site (www.mca.gov.in) as well as the ICAI site (www.icai.org) for further announcements in this regard.

YOU MAY ALSO FIND THIS NOTIFICATION FROM THE LINK HERE ---> http://www.icai.org/new_post.html?post_id=11490&c_id=219

YOU MAY ALSO LOOK INTO :

1. ALL INDIA REGISTRATION OF GMCS | ITT | OP PROGRAMME | ON ONE PLACE
2. CA COURSE NEW SYLLABUS MAY 2016 - ICAI ANNOUNCEMENT
3. CA Final May 2015 Changes In Syllabus - ICAI
4. CA IPCC MAY 2015 CHANGE IN SYLLABUS FOR ALL SUBJECTS - ICAI
5. Contact Number For 24*7 All India ICAI Members & Students
6. Cut Off Date For CS In The Year 2015 By ICSI
7. Mistakes In CA Final Materials For May 2015 Exams
8. Mistakes In CA IPCC Materials For May 2015 Exams

IF YOU HAVE SOMETHING TO SHARE THEN PLEASE USE THE CONTACT US BUTTON OR TALK TO THE ADMIN : NISHANT JAIN ON FACEBOOK
YOU MAY ALSO LOOK AT OUR JOBS WEBSITE :

Share on Google Plus

About NISHANT JAIN

Well I Am Nishant Jain, Who Have Made Some Projects On CA And CS Including CA SPOT, CA CS GUIDES, And Exploring More On Techno Builds Website Soon. You Must Visit My FACEBOOK PROFILE BY CLICKING HERE