Revised Fees on Bank Audit

This query is : Resolved

P Suryanarayanan (Querist)
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13 August 2007 The Circular dated 6th June 2007 clearly says that Certification Fees @ 12% of the Basic Audit Fee is payable to Branch Auditors.Banks are now taking a view that this fee is payable only to the Statutory Central Auditors and not to the Branch Auditors which is very unjust.Please air your views

Rsn Associates

Rsn Associates (Expert)
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14 August 2007 This requires immediate intervention by the ICAI . Many members are likely to be affected .

R S Nambi
R S N & Associates
Chartered Accountants

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