Professional ethics

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srinivas palli (Querist)

10 March 2012 We know that if fees charged for other services is more than statutory audit fees , he(auditor) would be guilty of prof.misconduct. But certain services are exempted for this puepose.
Friends, can anybody provide me all such exempted services?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

11 March 2012 A CA in practice cannot accept any other work/assignment/service on a remuneration, which exceeds the fees payable for statutory audit of the same undertaking. (Applicable only in respect of statutory audits of public sector undertaking/Govt. Companies/Listed companies/other public companies with turnover of Rs. 50 crores or more in a year for appointments after 1st April, 2002)
Courtesy:- Notification No. 1-CA(7)/60/2002 published in CA Journal-March, 2002 issue.

srinivas palli

srinivas palli (Querist)

11 March 2012 Thank u sir

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

31 March 2012 As per professional ethics a CA cannot charge fees on the basis of percentage basis other issues have been clarified by the expert I agree with him

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