CARO 2020 deferred for FY 2019-20: CARO 2020 applicable w.e.f 01.04.2020
To Ease compliance under Companies Act 2013, applicability of Companies (Auditor’s Report) Order, 2020 has been deffered to the financial year 2020-2021 instead of from 2019-2020 notified earlier.
This step has been taken to ease the burden on companies & their auditors for the year 2019-20 amid COVID-19.
This has been notified by Ministry of Corporate Affairs. Notification of Ministry of Corporate Affairs number S.O. 849(E), dated the 25th February, 2020, published in the Gazette of India , Extraordinary, Part II, Section 3, Sub-section (ii), dated the 25th February, 2020, in paragraph has now been amended.
“2. Auditor’s report to contain matters specified in paragraphs 3 and 4”, for the words and figures “1st April, 2019“, the words and figures “1st April, 2020” shall be substituted.