Internal audit fees

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2012 Dear All

Please suggest regarding professional fees that can be charged to the CA firm for handling part time assignments of that firm of Internal Audits.
If a person who is seeking part time assignment is a semi qualified, completed CA PE-II & have 5 years experience in Internal Audits including articleship

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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10 March 2012 Looking to your experience :

Part time employment for Internal Audits should be not less than 7,500 pm for 3 hours.
.
If the assignment requires a lot of work seeking 6 hours working daily; then it should not be less than Rs.12,000
.
(But no CA firm would be ready to pay such amount generally except where the assignment is of good quality).
.
(From this; one can assume the charging pattern of most of the CA firms).
.
Note :
.
You have not given full details about the assignment. Still I think the above will help you to decide what to charge.

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