CARO2020

Reporting on revaluation of property, plant, and equipment as per AS-10.
whether any proceedings have been initiated or are pending against the company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988.

Report if the company was sanctioned working capital limits in excess of five crore rupees from banks and financial institutions if the stock statements filed with banks are in line with books of accounts

whether the company made investments, guarantees provided, security is given and the terms and conditions of the grant of all loans and advances to the best interest of the company.

Loans overdue for more than 90 days for existing loans reporting on any loan default

In respect of deposits accepted by the company or amounts which are deemed to be deposited, whether the directives issued by the Reserve Bank of India and the provisions of sections 73 to 76 have been complied with.

Whether any transactions not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961), is properly recorded in the books of account during the year; whether the auditor has considered whistle-blower complaint received by the company;

Reporting on the internal audit system

Reporting on cash losses

Whether the auditor has taken into consideration the issues, objections, or concerns raised by the outgoing auditors in case of resignation by the statutory auditor on the basis of the financial ratios, aging and expected dates of realization of financial assets, and payment of financial liabilities, other information accompanying the financial statements, the auditor’s knowledge of the Board of Directors and management plans, whether the auditor is of the opinion that no material uncertainty exists as on the date of the audit report that company is capable of meeting its liabilities existing at the date of the balance sheet as and when they fall due within a period of one year from the balance sheet date;
Reporting on unspent CSR amount transfer to fund specified in schedule VII.

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