Is it compuisory to take NOC from previous auditior in case of housing co.op.society audit?
what about the fees??
Is it necessory to charge equal to the prev. auditor?
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Replies (2)
Co-operative socety is exempted under Sec. 224(1B) to audit.
so no question arise for Previous auditor.
but as per the professional ethics u are required to take written NOC from the previous auditors.
as per ICAI pronouncements audit fees can not be reduced.
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