CA IPCC AND FINAL NOTES ON CARO---EASY LEARNING TECHNIQUE TO LEARN CARO

Guys the CARO reporting requirements.. Easier way to remember.. 

" IF CCD IS FILLED GRAB SPECIAL (SPL) TEA (T)" 
I - INVETORIES
 F - FIXED ASSETS 
C - COST ACCUNTING RECORDS 
C - CHIT FUNDS 
D - DEPOSIT I - 
INTERNAL CONTROL 
S - STATUTARY DUES 
F - FRAUD
 I - INTERNAL AUDIT 
L - LOAN TO/FROM DIRECTORS 
L - LOAN AGAINST SECURITIES 
E - END USE OF ISSUE PROCEED 
D - COMPANY DEALING IN SECURITIES 
G- GUARENTEE GIVEN 
R - REPAYMENT OF DUES 
A - APPLICATION OF FUNDS 
B - END USE OF BORROWING 
S - SECURITIES FOR DEBENTURES ISSED
 P - PREFERNTIAL ALLOTMENT 
L - LOSS MAKING COMPANY 
T - TRANSACTION COVERED U/S 301 Do make frequent application of the same in audit exam.. Will fetch better marks..

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