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What is the primary purpose of the Companies (Auditor’s Report) Order (CARO)?
  • a)
    To provide guidelines for preparing financial statements.
  • b)
    To regulate the functioning of auditors.
  • c)
    To outline the responsibilities of a company's management.
  • d)
    To ensure the reporting of certain matters by auditors in their audit reports.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of the Companies (Auditor’s Report) Order ...
The primary purpose of CARO is to specify the matters that need to be included in the audit report by auditors for certain categories of companies. It ensures that auditors report on important matters related to the company's financial statements and affairs.
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What is the primary purpose of the Companies (Auditor’s Report) Order (CARO)?a)To provide guidelines for preparing financial statements.b)To regulate the functioning of auditors.c)To outline the responsibilities of a company's management.d)To ensure the reporting of certain matters by auditors in their audit reports.Correct answer is option 'D'. Can you explain this answer?
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What is the primary purpose of the Companies (Auditor’s Report) Order (CARO)?a)To provide guidelines for preparing financial statements.b)To regulate the functioning of auditors.c)To outline the responsibilities of a company's management.d)To ensure the reporting of certain matters by auditors in their audit reports.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary purpose of the Companies (Auditor’s Report) Order (CARO)?a)To provide guidelines for preparing financial statements.b)To regulate the functioning of auditors.c)To outline the responsibilities of a company's management.d)To ensure the reporting of certain matters by auditors in their audit reports.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of the Companies (Auditor’s Report) Order (CARO)?a)To provide guidelines for preparing financial statements.b)To regulate the functioning of auditors.c)To outline the responsibilities of a company's management.d)To ensure the reporting of certain matters by auditors in their audit reports.Correct answer is option 'D'. Can you explain this answer?.
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