Statutory audit fees to newly appointed statutory auditors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2017
Dear Sir/Madam
Please advice, if new statutory auditors are appointed after the retirement of previous auditors of Unlisted company. Can the fees be reduced as per the new terms and conditions and the coverage of work . Earlier the work covered was different.
Companies act do not mention anything about reduction in statutory fees.
Please advice
Thanks...
Please advice, if new statutory auditors are appointed after the retirement of previous auditors of Unlisted company. Can the fees be reduced as per the new terms and conditions and the coverage of work . Earlier the work covered was different.
Companies act do not mention anything about reduction in statutory fees.
Please advice
Thanks...
08 November 2017
Fees may differ from person to person,so reduction is possible since it is not against the professional ethics.
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