11 September 2017
CARO is applicable to company which limit of paidup capital, sales, loan exceeds the prescribe limit. In CARO auditor Comment on 16 points
Whereas Auditr report applicable to both i.e for company & non company. Audit report is much wider than CARO because CARO is also a audit report. Some type of audit report are tax audit report, CARO, Co. audit report, etc