Auditors – Be Ready : New CARO – 2020 Notified by MCA

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Auditors – Be Ready : New CARO – 2020 Notified by MCA

Most important and long lasting change in CARO is that Inventory and debtors submitted to banks, for working Capital Limit, are matching with books of accounts or not.
This has indirectly cast  responsibility of certifying the details submitted to banks for wc limit of 5 crore or more. It will have long lasting effects.

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