CA Inter P5 · Chapter 8 · Question 11 of 13
The Companies (Auditor's Report) Order (CARO) is issued by the Central Government under which provision of the Companies Act, 2013?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Section 143(11)
Explanation
Section 143(11) empowers the Central Government, in consultation with the National Financial Reporting Authority, to direct that the auditor's report on specified classes of companies include a statement on prescribed matters; CARO is issued under this power. Section 139 deals with appointment, section 141 with eligibility and qualifications and section 144 with services auditors cannot render.
More Audit Report MCQs
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