The Companies (Auditors Report) Order (CARO) requires auditors to provide detailed comments on specific operational, financial, and compliance matters of eligible companies. CARO reporting enhances transparency and provides stakeholders with deeper insights into a companys financial health, internal controls, statutory compliance, and business practices.
At Agarwal R C & Co., we assist organizations in understanding and complying with CARO requirements through a structured and thorough audit approach. Our professionals conduct detailed reviews of fixed assets, inventories, statutory dues, borrowings, related party transactions, internal controls, and other key business areas that are covered under CARO provisions.
We help management identify compliance gaps, strengthen governance frameworks, and ensure accurate disclosures in accordance with regulatory requirements. Our objective is not only to facilitate compliance but also to provide valuable insights that contribute to better business decision-making and risk management.
Our CARO Audit Services Include:
• Detailed CARO applicability assessment
• Verification of fixed assets and inventory records
• Review of statutory dues and regulatory compliance
• Examination of loans, borrowings, and financial obligations
• Analysis of related party transactions
• Assessment of internal financial controls
• Review of fraud reporting requirements
• Evaluation of utilization of borrowed funds
• Compliance documentation and reporting
• Preparation of CARO observations and audit comments
• Advisory on strengthening governance and controls
Our team ensures that businesses remain compliant with evolving regulatory requirements while maintaining transparency, accountability, and stakeholder confidence through comprehensive CARO reporting.