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CARO 2020: Overview of Modifications & Novel Reporting Requirements

CARO 2020: Overview of Modifications & Novel Reporting Requirements

by Taxsutra
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Course Expiry: 1 year
About Course:

Episode Duration:
60 minutes

Episode background:
CARO is supplemental to the audit of financial statements of certain classes of companies. It acts as an additional layer of comprehensive disclosures and transparent financial reporting for these companies. CARO places an onus of reporting onto the auditee company and incremental audit procedures upon the auditor.

The existing CARO 2016 has been amended to bring it in line with changes in financial reporting and regulatory compliances. With modifications to its existing clauses and insertion of new requirements, the new improved CARO 2020 is a comprehensive mechanism to ensure transparent and fair financial reporting.

What shall the episode cover?
Against this backdrop, Taxsutra’s Audit & Accounting Platform “Greentick (https://greentick.taxsutra.com) had invited Mr. Nemish Kapadia & Mr. Monish Sharma (Chartered Accountants) from Sudit K. Parekh & Co. LLP [SKP] to speak on “CARO 2020: An Overview of Modifications & Novel Reporting Requirements Applicable From 1 April 2021”. In this episode , the speakers have discussed the following points:
Key Highlights

  • Understanding the need for change and introduction of a new reporting order
  • Understanding what is carried forward and what is deleted from 2016
  • Modifications introduced by CARO 2020
  • New reporting requirements introduced under CARO 2020
  • Executive Summary
Categories: e-Learning, Inside the Corporate World
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com) 
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

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Ratings and Reviews

Overall Rating
Review
About Course:

Episode Duration:
60 minutes

Episode background:
CARO is supplemental to the audit of financial statements of certain classes of companies. It acts as an additional layer of comprehensive disclosures and transparent financial reporting for these companies. CARO places an onus of reporting onto the auditee company and incremental audit procedures upon the auditor.

The existing CARO 2016 has been amended to bring it in line with changes in financial reporting and regulatory compliances. With modifications to its existing clauses and insertion of new requirements, the new improved CARO 2020 is a comprehensive mechanism to ensure transparent and fair financial reporting.

What shall the episode cover?
Against this backdrop, Taxsutra’s Audit & Accounting Platform “Greentick (https://greentick.taxsutra.com) had invited Mr. Nemish Kapadia & Mr. Monish Sharma (Chartered Accountants) from Sudit K. Parekh & Co. LLP [SKP] to speak on “CARO 2020: An Overview of Modifications & Novel Reporting Requirements Applicable From 1 April 2021”. In this episode , the speakers have discussed the following points:
Key Highlights

  • Understanding the need for change and introduction of a new reporting order
  • Understanding what is carried forward and what is deleted from 2016
  • Modifications introduced by CARO 2020
  • New reporting requirements introduced under CARO 2020
  • Executive Summary
Categories: e-Learning, Inside the Corporate World
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com) 
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
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