CA Inter P5 · Chapter 8 · Question 13 of 13
Which of the following is reported by the auditor of a company under section 143(3) of the Companies Act, 2013, rather than under CARO?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Whether any director is disqualified from being appointed as a director under section 164(2)
Explanation
Section 143(3) requires the auditor to state, among other things, whether any director is disqualified under section 164(2), whether proper books are kept, and on the adequacy of internal financial controls. The quantitative records of PPE, physical verification of inventory and defaults in repayment of loans are matters covered by CARO.
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