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?
2 Replies
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 23 June 2010
Co-operative socety is exempted under Sec. 224(1B) to audit.
so no question arise for Previous auditor.
amit
(Ca final Artical)
(33 Points)
Replied 24 June 2010
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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