10 March 2012
We know that if fees charged for other services is more than statutory audit fees , he(auditor) would be guilty of prof.misconduct. But certain services are exempted for this puepose. Friends, can anybody provide me all such exempted services?
11 March 2012
A CA in practice cannot accept any other work/assignment/service on a remuneration, which exceeds the fees payable for statutory audit of the same undertaking. (Applicable only in respect of statutory audits of public sector undertaking/Govt. Companies/Listed companies/other public companies with turnover of Rs. 50 crores or more in a year for appointments after 1st April, 2002) Courtesy:- Notification No. 1-CA(7)/60/2002 published in CA Journal-March, 2002 issue.
31 March 2012
As per professional ethics a CA cannot charge fees on the basis of percentage basis other issues have been clarified by the expert I agree with him
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