MANDATORY FOR CASH FLOW STATEMENT AND CARO

This query is : Resolved

RAJAT SINHA (Querist)
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27 July 2024 Our company is having 27.00 lakh paid-up capital and secured loan Rs. 1.21 crore, turnover is 11.50 crore in the financial year 2023-24.

1) Whether Cash Flow Statement Required
2) Whether Caro Mandatory
3) Whether Internal Control System required in Audit Report

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 July 2024 1 All companies, except for One Person Companies (OPCs), Small Companies, and Dormant Companies, are required to prepare and furnish a cash flow statement along with their financial statements.
2 CARO not mandatory for your company.
3 Intenal control required in audit report.