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Audit fees

Statutory Audit 1394 views 3 replies

Hi ,

1 ) Can you advise me whether I can collect less audit fees for the statutory audit than the previous 

      auditor (after obaintng NOC) when the company is making loss and going to be closed in few years.

2) Whether I can collect less fees than the previous auditor for the running company when the previous audit

gives NOC.

 

thanks

 

G.Veerabadran

 

Replies (3)

Hii Sir,

 

For ur reference i'm attaching an updated minimum fee structure that has been released by ICAI..

 

Regards,

Suraj.S

Thanks for Sharing

"when the company is making loss and going to be closed "- NO PROBLEM FOR COLLECTING LESS AUDIT FEE - BUT YOU HAVE TO MENTION IN UR AUDIT REPORT ABOUT THAT THE FIRM IS NOT A GOING CONCERN (AS2)


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