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Revised Fees on Bank Audit (Audit)

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This query is : Resolved

( Querist )
13 August 2007

The Circular dated 6th June 2007 clearly says that Certification Fees @ 12% of the Basic Audit Fee is payable to Branch Auditors.Banks are now taking a view that this fee is payable only to the Statutory Central Auditors and not to the Branch Auditors which is very unjust.Please air your views

Rsn Associates

( Expert )
14 August 2007

This requires immediate intervention by the ICAI . Many members are likely to be affected .

R S Nambi
R S N & Associates
Chartered Accountants



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