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Discussion < Audit < Learn CARO Sequentially
Post Topic
students zone,CA Students
rohit


[ Scorecard :115 ]

Read the given para to memorise sequentially CARO Points in few mins :-
 

Fixed Inventory Loan on Internal Register of Public deposit for Internal Audit & Cost Records with Statutory dues are accumulated with financial institution dues in the way of loan on shares and chit fund so that trading in shares can guaranteed for term loans for short & long term in preferential allotment of charges for end use in fraud.


Following are the CARO Points :-
 


  1. FIXED ASSETS
  1. INVENTORY
  1. LOANS
  1. INTERNAL CONTROL SYSTEM
  1. REGISTER U/s 301
  1. DEPOSITS FROM PUBLIC
  1. INTERNAL AUDIT SYSTEM
  1. COST RECORDS
  1. STATUTORY DUES
  1. ACCUMULATED LOSSES
  1. DEFAULT IN REPAYMENT OF DUES OF FINANCIAL INSTITUTION
  1. LOANS AND ADVANCES AGAINST SECURITY OF SHARES, DEBENTURES OR OTHER SECURITIES
  1. CHIT FUND OR A NIDHI/MUTUAL BENEFIT FUND/SOCIETY

  1.   DEALING IN OR TRADING IN SHARES, SECURITIES, DEBENTURES AND OTHER INVESTMENTS 
  1. GUARANTEE ( provided to a bank or FI) FOR LOANS TAKEN BY OTHERS FROM BANKS OR FINANCIAL INSTITUTIONS 
  1. TERM LOANS AVAILED APPLIED FOR PURPOSE FOR WHICH THEY WERE OBTAINED 
  1. FUNDS RAISED ON SHORT TERM BASIS HAVE BEEN USED FOR LONG TERM INVESTMENTS
  1. PREFERENTIAL ALLOTMENT 
  1. CHARGES ON DEBENTURES ISSUED 
  1. END USE OF MONEY RAISED BY PUBLIC ISSUE 
  1. FRAUD








CA SUBHASH KR.


[ Scorecard :11869 ]

very nice........!!!


Anjali Arora


[ Scorecard :11036 ]

cool....


chayan sethiya


[ Scorecard :724 ]

good........


CA VIKAS JAIN


[ Scorecard :3070 ]

good approch


karan


[ Scorecard :197 ]

gud...


Kshitij Nijhawan


[ Scorecard :1969 ]

wow awsome


SHIKHA SONI


[ Scorecard :6262 ]

good information


Monica Hooda


[ Scorecard :79 ]

ease of memorising,thanks....

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