CARO 2016 - Applicability, Accounting - Auditing

[Bijay Shrestha]

Dear friends,

CARO 2016 is applicable to Public Company and a private company which is a subsidiary or holding company of a Public Company.

Now my query is: A Private Company (Say X) is a subsidiary of another Private Company (Y) and Y is again subdiary of a Public Company (Z).

Now CARO 2016 is applicable to X or not ?

Please suggest.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

It is applicable, in my view.