specefied limit of auditor's remuneration
This query is : Resolved
08 March 2010
is there any specefied limit for remuneration of auditor?
is it fixed that one can not demand such fees when some situation exist?
is it fixed that one can not demand such fees when some situation exist?
08 March 2010
To the best of my knowledge, there is no such limit. However, there is an Institute guideline which states that fees from other services should not exceed the statutory audit fees for the year. There are also some relaxations to this guideline.
08 March 2010
For the minimum limit you may see clause 12 in the following link.
https://www.icai.org/resource_file/12766Council_General_Guidelines.pdf
https://www.icai.org/resource_file/12766Council_General_Guidelines.pdf
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