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Quotation for algo system audit

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seema wadhwa

seema wadhwa (Querist)
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07 April 2014 I GOT AN OFFER REGARDING ALGO SYSTEM AUDIT (HALF YEARLY) WHICH IS MANDATORY FOR BROKERS AS PER SEBI GUIDELINES. CAN ANYONE TELL ME WHAT FEES SHOULD I QUOTE FOR ALGO SYSTEM AUDIT.

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
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01 May 2014 I am not dealing any sys audit but sharing one of experience, form it you can judge fees. During my training, one of my boss has taken statistics form the system e.g. no of ledgers, no of transactions, types of product dealt by broker etc. However, more clarity can be made from Scope of Audit discussed by mgt.

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