# CARO 2020 — Clauses (xvii) to (xxi)
## Clause (xvii) — Cash Losses
Whether the company incurred cash losses in the FY and in the immediately preceding FY. If yes — state the amount of cash losses (for both years).
## Clause (xviii) — Resignation of Statutory Auditors
If statutory auditors resigned during the year — whether the incoming auditor has taken into consideration the concerns/issues/objections raised by the outgoing auditor.
## Clause (xix) — Going Concern
Based on:
- Financial ratios
- Ageing & expected realisation of financial assets
- Expected payment dates of financial liabilities
- Other information & management plans
…whether the auditor is of the opinion that no material uncertainty exists as of the audit report date that the company is capable of meeting liabilities existing at B/S date as and when they fall due within one year of the B/S date.
> This is a factual one-year liquidity assessment — distinct from SA 570's going concern opinion.
## Clause (xx) — Corporate Social Responsibility (CSR)
(a) Other than ongoing projects — Whether unspent CSR has been transferred to Schedule VII Fund within 6 months of FY expiry, per Sec 135.
(b) Ongoing projects — Whether unspent CSR is transferred to a separate account as per Sec 135.
## Clause (xxi) — Consolidated Financial Statements
Whether there are any qualifications or adverse remarks in the CARO reports of companies included in the Consolidated FS. If yes — indicate:
- Details of the company
- Para numbers of the CARO report containing the qualifications/adverse remarks
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## Reasons for Unfavourable/Qualified Answers (overall principle)
- Where any CARO answer is unfavourable or qualified — the auditor's report shall state the basis for such answer.
- Where the auditor is unable to express an opinion on any matter — the report shall indicate the fact along with reasons why an opinion is not possible.