Skip to content

CMA Intermediate · Corporate Accounting and Auditing · Audit Report and Reporting under CARO

For a company whose financial year commenced on 1 April 2026, the auditor's report on its standalone financial statements under section 143 must, as regards CARO 2020:

The standalone report must contain the matters specified in paragraphs 3 and 4 of CARO 2020, as applicable, because the year commenced after 1 April 2019. Clause (xxi) alone is relevant only for consolidated statements.

  1. Ainclude the matters in paragraphs 3 and 4, as may be applicable, in addition to other reportingCorrect
  2. Bomit them because the year commenced after 2019
  3. Cinclude only clause (xxi) of paragraph 3
  4. Dinclude them only if the auditor chooses

Explanation

Paragraph 2 requires every report to which the Order applies, for years commencing on or after 1 April 2019, to contain the matters in paragraphs 3 and 4 as applicable. A 2026 year is after that date, so it is covered. Clause (xxi) alone applies only to consolidated statements.

Did you get it right without looking?

One question tells you little. A timed set on Audit Report and Reporting under CARO shows your real accuracy, how long you take and where you lose marks.

Practise Audit Report and Reporting under CAROFree diagnostic mock

More Audit Report and Reporting under CARO questions