Share with your friends

First Notes - 19 February 2016

First Notes - 19 February 2016

Draft Companies (Auditor’s Report) Order 2016


Also on

Section 143(11) of the Companies Act, 2013 (2013 Act) requires that the auditor’s report of specified class of companies should include a statement on the prescribed matters. These reporting requirements have been prescribed under the Companies (Auditor's Report) Order, 2015 (CARO 2015) issued by the Ministry of Corporate Affairs (MCA) on 10 April 2015.
New development
The MCA had set-up a committee on 16 September 2015 to examine and recommend matters that should form part of the statement.  This statement would be attached with the auditor’s report under Section 143(11) for the financial year 2015-16 and thereafter. The committee made recommendations on the matters to be included in the statement and on the basis of its recommendations, MCA issued draft Companies (Auditor’s Report) Order, 2016 (CARO 2016) on 9 February 2016.
This issue of First Notes provides an overview of the draft CARO 2016.

To access the text of the draft CARO 2016, please click here

© 2021 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

KPMG (Registered) (a partnership firm with Registration No. BA- 62445) converted into KPMG Assurance and Consulting Services LLP (a Limited Liability partnership firm) with LLP Registration No. AAT-0367 with effect from July 23, 2020.

For more detail about the structure of the KPMG global organization please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal