Dear Seniors,
Our Company has removed and apoointed a new auditor for the F.Y.11-12. The outgoing audtior has communicated to the incoming auditor about professional fees due for F.Y.11-12. But the profeesioanl fees are very exhorbitant. The incoming auditor therefore can not sign the balance sheet. The outgoing auditor is also not ready to compromise on the fees part.. What can be done now. First returns has to be filed before 30th. Second we are not willing to pay such exhorbitant fees. Third the incoming auditor also can not sign the balance sheet for the F.Y.12-13 unless the outgoing auditors fees are cleared. Here one thing that I can mention is that fees relating to F.Y.10-11 is not pending. An early reply will highly be appreciated.
Regards,
Ajoy.
CAclubindia
