Fees payable to the statutoey auditor

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BHASKAR AUDDY (Querist)
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18 September 2009 M/s A & Co, Chartered Accountantants, is getting statutory audit fee if Rs.2000/- . Can he get for rendering other services fee of Rs.3000/- from the same client.

Ankur Garg

Ankur Garg (Expert)
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18 September 2009 Can you specify the nature of service?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 September 2009 No he cann't.

Kaustuv

Kaustuv (Expert)
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19 September 2009 A statutory auditor can provide only a limited number of services to the client apart from the the audit itself. Mostly various certification jobs are prevalent in practice for which they charge separate fees.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 September 2009 In continuation of my answer, I request u to visit chapter IX in https://www.icai.org/resource_file/12766Council_General_Guidelines.pdf

BHASKAR AUDDY

BHASKAR AUDDY (Querist)
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20 September 2009 Thanks to all for the replies! The nature of service aprart from the statutory auditor, the management consultancy serviec provided by the same auditor.

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