Tuesday, March 31, 2020

Ministry Emplaces Stringent Auditing Norms to Curb Corporate Scams.

The Ministry of Corporate Affairs (MCA)on Tuesday, February 25, 2020 notified the Companies (Auditor’s Report) Order, 2020 (CARO 2020) revamping the Companies (Auditor's Report) Order, 2016 (CARO 2016), making it mandatory for companies to disclose all complaints to the auditor while ushering enhanced due diligence and disclosures on the part of auditors.

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