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 >>
- Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT
- Last date to submit MEF 2026-27 extended to 09.09.2026
- Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand
- Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts
- TDS can’t be denied for non deposit of tax deducted by the deductor – High Court
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