CORAA
लॉग इनमुफ्त ट्रायल शुरू करें
AI Modules/Reporting/CARO 2020
Companies Act · ऑडिट रिपोर्ट· प्रतिवेदन

CARO 2020

21 रिपोर्टिंग clauses. 17 auto-drafted from books. 4 require ऑडिटर input.

CORAA CARO 2020 with सभी 21 clauses

CARO 2020 (Companies ऑडिटर's रिपोर्ट Order 2020) requires रिपोर्टिंग on 21 specific clauses across PPE, inventory, loans, deposits, statutory dues, आंतरिक नियंत्रण, fraud रिपोर्टिंग, and अधिक. CORAA auto-drafts 17 of the 21 clauses from books and लेजर डेटा. The remaining 4 require ऑडिटर judgment with documented evidence, physical verification, inventory verification, deposits अनुपालन, and fraud रिपोर्टिंग.

  • सभी 21 CARO clauses with sub-clauses rendered
  • 17 clauses auto-drafted from books, investments, statutory dues, default in repayment, आंतरिक ऑडिट
  • 4 manual clauses with ऑडिटर input, PPE physical verification, inventory verification, deposits, fraud
  • Clause 3(xi)(e), Rule 11(e) अनुपात विचरण प्रकटीकरण Schedule III से स्वतः-भरा
  • प्रत्येक खंड अपने Companies Act पैराग्राफ संदर्भ से आधारित
  • Pending vs पताed status per clause, पार्टनर sees what's outstanding
Two paths, one ledger

The old way, and ours.

Two paths to the same audit conclusion. One leaves traces; the other doesn't.

Traditional

The old way

  • -Senior पार्टनर समीक्षाएँ सभी 21 clauses against books one by one
  • -PPE clause 1 verified against स्थिर परिसंपत्ति register manually
  • -इन्वेंटरी खंड 2 को भौतिक सत्यापन दस्तावेज़ों के विरुद्ध समीक्षा किया गया
  • -Statutory dues clause 7 chased through TDS, GST, PF, ESI लेजर separately
  • -Rule 11(e) अनुपात विचरण प्रकटीकरण के लिए मैन्युअल रूप से गणना
दिन of पार्टनर समय. Clauses sometimes addressed late, just before sign-off.
CORAA

On the Ledger

  • 17 auto-drafted clauses ready for पार्टनर समीक्षा on दिन 1
  • निवेश, गारंटी, प्रतिभूतियाँ (Clause 3), बहियों से खींची गई
  • Sec 185 and Sec 186 अनुपालन (Clause 4), verified against loan लेजर
  • बकाया वैधानिक देय (Clause 7), TDS, GST, PF, ESI में स्वतः-गणना
  • Default in repayment (Clause 9), bank लेजर मिलान
  • Rule 11(e) विचरण Schedule III अनुपात टैब से खींचे गए
21 CARO clauses ready for पार्टनर समीक्षा in two घंटे. NFRA-inspection defensible.
How it works

Three steps. Every trace logged.

Step 01

बही-व्युत्पन्न खंड स्वतः-मसौदा

17 of the 21 CARO clauses derive from books and लेजर डेटा. CORAA reads the relevant लेजर (loans, investments, statutory dues, current ratio, debt-equity), checks अनुपालन against Companies Act paragraph references, and drafts each clause.

Step 02

Manual clauses prompt for ऑडिटर input

4 clauses require ऑडिटर input with documented evidence: Clause 1(c) PPE physical verification (ऑडिटर confirms with date), Clause 2 inventory physical verification (with discrepancy threshold), Clause 5 deposits अनुपालन, Clause 7 statutory dues partial confirmation, and Clause 11 fraud रिपोर्टिंग.

Step 03

Rule 11(e) विचरण प्रकटीकरण

Clause 3(xi)(e) requires explanation for any of the 11 वित्तीय ratios with variance over 25% vs prior वर्ष. CORAA pulls the variances from the Schedule III Ratios tab and prompts the ऑडिटर for the explanation; the disclosure feeds Clause 3(xi)(e) directly.

Inside the module

What you actually get.

पैराग्राफ आधार के साथ 21 खंड

Every CARO clause is anchored to its Companies Act paragraph reference and CN 2022 (Guidance नहींte 2022) paragraph. The ऑडिटर knows exactly which statute is being addressed.

  • ›Clause 1: PPE और अमूर्त
  • ›Clause 2: इन्वेंटरी सत्यापन
  • ›Clause 3: निवेश, गारंटी, प्रतिभूतियाँ
  • ›Clauses 4-21: प्रत्येक पैराग्राफ-आधारित

17 स्वतः-मसौदा खंड

Investments (3), Sec 185/186 अनुपालन (4), statutory dues (7), default in repayment (9), fund diversion (10), term loan application (11), आंतरिक ऑडिट (12), and others, सभी auto-drafted from books डेटा.

  • ›निवेश, गारंटी, प्रतिभूतियाँ
  • ›Sec 185 and Sec 186 अनुपालन
  • ›बकाया वैधानिक देय
  • ›ऋण चुकौती में चूक
  • ›निधि विचलन जाँच
  • ›सावधि ऋण आवेदन
  • ›Internal ऑडिट system

संरचित इनपुट के साथ 4 मैन्युअल खंड

PPE physical verification (Clause 1(c)) requires the ऑडिटर to confirm verification date and discrepancies. Inventory verification (Clause 2) similar. Deposits (Clause 5) requires अनुपालन with Sec 73-76. Fraud (Clause 11) requires ऑडिटर की रिपोर्टing under Sec 143(12).

  • ›Clause 1(c) PPE: सत्यापन दिनांक और विसंगतियाँ
  • ›Clause 2 inventory: physical verification रिपोर्ट upload
  • ›Clause 5 deposits: Sec 73-76 अनुपालन
  • ›Clause 11 fraud: Sec 143(12) रिपोर्टिंग

Rule 11(e) विचरण प्रकटीकरण

Clause 3(xi)(e) was added in 2021, requires explanation for any of 11 वित्तीय ratios with variance over 25%. CORAA pulls variances from Schedule III Ratios tab and prompts the ऑडिटर for each explanation.

  • ›चालू अनुपात, ऋण-इक्विटी, DSCR
  • ›ROE, इन्वेंटरी टर्नओवर, प्राप्य टर्नओवर
  • ›देय टर्नओवर, शुद्ध पूंजी टर्नओवर
  • ›शुद्ध लाभ अनुपात, ROCE, ROI
  • ›25% पर विचरण फ्लैग
Frequently asked

Answers, up front.

17 of 21. Clauses 3 (investments and guarantees), 4 (Sec 185/186), 7 (statutory dues), 9 (default in repayment), 10 (fund diversion), 11 (term loan application), 12 (आंतरिक ऑडिट), 13 (Sec 188 RPT, when RPT list is set), 16 (registration under RBI), 17 (cash losses), 18 (ऑडिटर resignation), 19 (वित्तीय ratios), 20 (CSR), 21 (qualifications/adverse opinion). The remaining 4 require ऑडिटर input.
Clause 1(c) PPE physical verification (date and discrepancies above threshold), Clause 2 inventory physical verification (with discrepancy disclosure), Clause 5 deposits अनुपालन under Sec 73-76, and Clause 14 fraud रिपोर्टिंग under Sec 143(12). Each prompts the ऑडिटर for the specific evidence required by the Companies Act and the ICAI Guidance नहींte 2022.
CARO 2020 Rule 11(e) requires the ऑडिटर to रिपोर्ट on 11 वित्तीय ratios with explanation for any variance over 25% vs prior वर्ष. CORAA computes सभी 11 ratios from Schedule III डेटा, flags variances over 25%, and prompts the ऑडिटर for the explanation. The disclosure feeds Clause 3(xi)(e) and the Schedule III Ratios tab simultaneously.
Most clauses apply to private companies above the size thresholds. Exemptions: private companies with paid-up capital + reserves ≤ ₹1 crore, borrowings ≤ ₹1 crore from banks/FIs, and turnover ≤ ₹10 crore are exempt from CARO entirely. CORAA reads the thresholds from books and disables CARO if सभी three are met.
See it on a real ledger

Run caro 2020 on one of your engagements.

Bring a Trial Balance and a General Ledger. We'll walk through reporting end-to-end on your data, not a sandbox.

Start the free trial →
CARO 2020, 21 Clauses, Auto-Drafted Audit Report | CORAA