CARO Clause 3(xviii) — Resignation of Statutory Auditors
Requires the incoming auditor to report whether there has been any resignation of the statutory auditors during the year, and if so, whether they have taken into consideration the issues raised by the outgoing auditor.
Related terms
- CARO Clause 3(xvi) — RBI Registration
Requires reporting on whether the company is required to be registered under Section 45-IA of the RBI Act, and if conducting NBFC-type activities without such registration.
- CARO Clause 3(xvii) — Cash Losses
Requires reporting on whether the company has incurred cash losses in the current and immediately preceding financial year, and the amount involved.
- CARO Clause 3(xx) — CSR Spending
Requires reporting on whether the company has transferred unspent CSR amounts to the specified fund within the required timeline, for companies covered under Section 135.
- CARO Clause 3(xxi) — Qualifications in Subsidiary Reports
Requires the auditor to report on whether there are any qualifications or adverse remarks in the CARO reports of any subsidiary, associate or joint venture included in the consolidated financial statements.
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