## Auditor's Report Prescribed by Law or Regulation
Sometimes a special law or regulation prescribes the form/content of the auditor's report. SA 700 provides guidance on how to reconcile its requirements with such laws.
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### Point 1 – No conflict between special law and SA 700
- If there is no conflict, follow the layout and wording of SA 700 in full.
### Point 2 – Conflict exists (special law layout/wording differs from SA 700)
When the layout or wording prescribed by special law differs from SA 700, the auditor must:
1. Include elements (a) to (m) of SA 700 (the core required elements of the auditor's report).
2. Add the requirements of the special law on top.
3. No need to separately apply other points within (a)–(m) that are already covered by the special law requirements.
4. The report shall refer to SA only if the (a)–(m) points are actually covered in the report.
> Remember: Points (a)–(m) are the mandatory elements of an auditor's report under SA 700 (e.g., title, addressee, opinion paragraph, basis for opinion, going concern, KAM, responsibilities, etc.).
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### Report on Other Legal & Regulatory Requirements
In India, the auditor's report on company financial statements must include a section on Other Legal and Regulatory Requirements. The typical sequence is:
1. CARO 2020 (Companies (Auditor's Report) Order, 2020) – [4 marks in exams]
2. Internal Financial Controls (IFC) report
3. Section 143(3) requirements (Companies Act, 2013)
> In exams, CARO 2020 attracts dedicated marks (typically 4 marks) as a separate reporting obligation.