31 August 2011
this is called CARO report (Companies Auditor's Report Order, 2003). Caro report is applicable in specific cases. 1) if the co. is public co. or 2) if paid up capital & reserve is over Rs. 50 lakh or 3) if turnover is 5 crore or more or 4) if the company has taken loan from financial institutions/banks in excess of Rs. 25 Lakh
CAclubindia
