Auditor’s Report

Auditor’s Report:

Audit Report Form

  1. Title.
  2. Addressee
  3. Identification of Financial Statements
  4. Reference to Auditing Standards
  5. Opinion on the financial statements
  6. Signing of Audit report
  7. Address of the Auditor
  8. Dating of the Report
  9. Reading & Inspection of Auditors report.

Kinds of Report:

  1. Clean or Unqualified Report
  2. Qualified Report

Companies (Auditor’s Report) Order 2003 (CARO)

Issued by the central govt.

Report to include the following:

  1. Fixed Assets
  2. Inventories
  3. Loan Taken from/Granted to parties
  4. Internal control on purchase of Assets and Sale of Goods.
  5. Transactions in which Directors are interested.
  6. Public deposits
  7. Internal Audit System
  8. Maintenance of Cost records
  9. Deposit of Statutory dues.
  10. Indication of Sickness
  11. Default in Repayment
  12. Documents and records for secured loans
  13. Compliance with special provisions
  14. Records of dealings in securities
  15. Guarantee for Loans taken by others
  16. Application of Term Loans
  17. Financial Management
  18. Preferential Allotment of Shares
  19. Creation of Security in respect of Debentures
  20. Disclosure of end use of money raised from public issue
  21. Fraud.

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