Difference Between CARO 2016 & CARO 2020

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Companies (Auditor’s Report) Order 2020 or CARO 2020 has been notified by MCA, applicable with effect from 25th February 2020. One of the important changes in that a particular clause of Qualified Reporting by Auditors with Specific comments has been added in the new CARO 2020.
Companies (Auditor’s Report) Order, 2020 (CARO 2020) v/s Companies (Auditor’s Report) Order, 2016 (CARO 2016)
Salient Differences Between Companies (Auditor’s Report) Order, 2020 &  Companies (Auditor’s Report) Order, 2016 (CARO 2016) -
CARO 2020-

Clause 1
A) Reporting on the maintenance of proper records of Property, Plant, Equipment and Intangible Assets. 
B) Reporting on Physical verification of Property, Plant, Equipment and Intangible Assets.
C) Reporting on Title Deeds of all immovable properties.
D) Reporting on Revaluation of Property, Plant, Equipment and Intangible Assets, if any, specify the change if more than 10%.
E) Reporting on Disclosure of any Proceedings of Benami Property under Benami Transactions (Prohibition) Act, 1988.
Clause 2
A) Reporting on Physical verification of Inventory, its coverage, and procedure, its disclosure if the discrepancy is 10% or more in aggregate for each class of inventory.
B) Disclosure if sanction of working capital limits in excess of 5 Crores, in aggregate, from banks and financial institutions on the basis of security of current assets.
Clause 3
Reporting of Investments in, provided any guarantee or security or granted any loans or advances.
A) 1) Aggregate amount during the year, outstanding at the balance sheet date with respect to such loans and advances to subsidiaries, joint ventures, and associates.
    2) Aggregate amount during the year, outstanding at the balance sheet date with respect to such loans and advances to parties other than subsidiaries, joint ventures, and associates.
B) Terms and conditions of such grant of loans.
C) Schedule of repayment of principal and interest and whether the receipts are regular.
D) Total amount overdue for more than 90 days.
E) Specify the amount of any Renew or Extension or Fresh Loan granted to settle the overdue of existing loans given to the same parties.
F) Reporting of any loan granted which are repayable on demand or without specifying any terms or period of payment
Clause 4
Reporting in respect of loans, investments, guarantees, and security that whether Compliance of Section 185 & 186 of the Companies Act, 2013
Clause 5
Reporting in respect of deposits or deemed to be deposited which are accepted by the Company, as per provisions of Section 73 to 76 of the Companies Act, 2013 or any other relevant provisions.
Clause 6
Maintenance of Cost records.
CARO 2016-
Clause 1 
A) Reporting on the maintenance of proper records of Fixed Assets.
B) Reporting on Physical verification of Fixed Assets.
C) Reporting on Title Deeds of all immovable properties.
Clause 2
Reporting on Physical verification of Inventory.
Clause 3
A) Terms and conditions of such grant of loans
B) Schedule of repayment of principal and interest and whether the receipts are regular.
C) Total amount overdue for more than 90 days.
Clause 4
Reporting in respect of loans, investments, guarantees, and security that whether Compliance of Section 185 & 186 of the Companies Act, 2013
Clause 5
Reporting in respect of deposits accepted by the Company, as per provisions of Section 73 to 76 of the Companies Act, 2013 or any other relevant provisions.
Clause 6
Maintenance of Cost records

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