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Unit 5: Audit Report - Coggle Diagram
Unit 5: Audit Report
CARO 2003 Requirements in Auditor's Report
Fixed Assets
Inventories
Related Party Transactions
Internal Control
Public Deposits
Internal Audit
Cost Records
Statutory Duties
Net Worth Erosion
Default in Dues
Loans Against Pledged Shares
Chit Funds/Nidhis/Mutual Benefit Societies
Dealing in Shares/Securities
Guarantees Given
Application of Term Loans
Short-term Funds for Long-term Use
Securities Created
Disclosure of Public Issue Funds
Fraud Noted or Reported
Circumstances for Qualified Report
Dissatisfaction with explanations or information
Non-compliance with accounting standards
Inadequate provisions
Secret reserves
Overvaluation of stock
Undisclosed contingent liabilities
Embezzlement, misappropriation, manipulation
Inappropriate accounting policies
Lapses in disclosure
Scope limitations
Disagreement with management
Non-appointment of company secretary
Types
Unqualified/Clean Report
Qualified Report