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Auditor remuneration ?

Ishika (ca final) (250 Points)

23 April 2014

Hi friends,

I have to collect the report about auditor remunerations of Various listed companies, Please tell me from where i will find the information about auditor remuneration, and where it is mentioned in the auditor report....

Pls reply urgently

Thanks

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5 Replies

Yogesh Shah (Managing Corporate Finance) (1051 Points)
Replied 23 April 2014

Hi dude.. You want related info for listed co.s, hence you do one thing.. Download pdf copies of annual returns of listed co.s.. Under direct expenses you will find auditors remuneration as a separate line item.. It must be bifurcated into - - - Remuneration as an auditor + for company law matters + for Income tax matters + other fees

CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
Replied 23 April 2014

Yes dear if u want to know the remuneration on every individual auditors yu hav eto visit at every company Anual return.

M. Zuhaib (student) (25 Points)
Replied 24 April 2014

Is it direct or indirect expense?

Yogesh Shah (Managing Corporate Finance) (1051 Points)
Replied 24 April 2014

No doubt.. Direct exp.. Even in revised schedule VI, it is included under direct exp.. It is nothing but a professional charges.. And prof chgs are always direct exp

Yogesh Shah (Managing Corporate Finance) (1051 Points)
Replied 24 April 2014

See, bifurcation between direct n indirect exp I hv seen in tally only.. In P&L account or even in revised schedule VI, you will not find this segregation.. Pls download excel template of it, you will find separate heading under P&L for audit fees