auditor's report

This query is : Resolved 

01 November 2008 If a company is covered under caro during one financial year, will it continue to be under the act, despite the fact that it is expemt under Clause 1(2) (iv).
I mean while preparing the audit report, will we have to check the applicability for each year.

01 November 2008 Yes, we should check the applicability conditions, for each financial year.

01 November 2008 Appilcabilty conditions are required to be checked under each clausewise'

If Caro is applicabel then only it will be covered in that yeat


03 November 2008 thanks



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