ICAI Multiple Choice Questions (MCQs) on Guidance Note on CARO 2020
The Ministry of Corporate Affairs issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) on 25th February 2020 which was initially applicable for the financial years commencing on or after the 1st April, 2019.
However, due to Covid-19 pandemic, its applicability has been extended for statutory audits of financial statements for periods beginning on or after April 1, 2020.
In order to supplement Guidance Note on the Companies (Auditor’s Report) Order, 2020, the ICAI has released a publication called “Multiple Choice Questions (MCQs) on Guidance Note on the Companies (Auditor’s Report) Order, 2020”.
The publication consists of MCQs and answers for all (xxi) clauses of the the Companies (Auditor’s Report) Order, 2020.
The MCQs are in the form of True and False or Choosing the correct option with correct answers
Download ICAI MCQs on Guidance Note on CARO 2020 >>
- Sales duly recorded in books & VAT returns, can’t be held bogus without cogent adverse material
- ITAT allows Diwali expenses incurred by assessee as business expenses
- Section 292BB does not bar assessee to raise objection for non issuance of notice u/s 143(2) – SC
- Supreme Court explains expression “reason to believe” & “change of opinion” in Income Tax Act 1961
- Omission of rule 96(10) of CGST Rules will be effective retrospectively from 23.10.2017
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