CA Inter P5 · Chapter 8 · Question 12 of 13
Which of the following matters is required to be reported by the auditor under CARO?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Whether the title deeds of immovable properties disclosed in the financial statements are held in the name of the company
Explanation
CARO requires reporting on specified matters such as property, plant and equipment records, physical verification and whether title deeds of immovable properties are held in the company's name. The auditor does not report on the commercial wisdom of strategy, the reasonableness of pay against market benchmarks or the social impact of CSR projects.
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