Advance Of Audit Fees


This query is : Open 

(Querist)
28 August 2009
can an Auditor take advance payment of his statutory audit fees?

If yes wouldn't he activates provisions of section 226(3)?...

Deepali (Expert)
28 August 2009 Statutory Auditor can be made Advance Payment and the same will not attract the provisions of Section 226(3), there is a clarification of ICAI on the same issue.

Ankur Garg (Expert)
28 August 2009 100% Agree.


Rahul (Querist)
29 August 2009 Thank you,

can you tell me in which clarification institute has clarified the same & it would be great if u hav a copy of the same,,,

Rahul (Querist)
29 August 2009 Thank you,

can you tell me in which clarification institute has clarified the same & it would be great if u hav a copy of the same,,,

Rahul (Querist)
29 August 2009 Thank you,

can you tell me in which clarification institute has clarified the same & it would be great if u hav a copy of the same,,,


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