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Can a CA sign company audit report without any remunration

CA MAYANK (CA) (1219 Points)

24 June 2012

Hey friends.....

I have a querry regards the remunration.

Is it monadetry to claim the auditer remunration from the company.

Mean Can a CA sign a Company Audit Report without any fees?

Is a ca can do this...??

Thanks in Advance

M. Bansal

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10 Replies

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 24 June 2012

No, in my view I don't think so but at the same time i don't find any provision in the law which specify the fees to be charged by an Auditor.

Let see other CCI's members reply in this regards.....

Sheena Maheshwari (ARTICLESHIP) (240 Points)
Replied 24 June 2012

yes i guess.ca has a right to remuneration but no obligation

Shantilal K. Patel (chartered acc ountant) (39 Points)
Replied 24 June 2012

He can sign audit report without any remuneration.

But he will be liable for the audit dne and report given

C.A.S.K.Patel

Deepak Parsai (Future CA) (623 Points)
Replied 25 June 2012

Yes, he can. There is no compulson by act to work on fees only. This is his personal decision and now icai has also removed minimum fees provisions. It's my personal opinion.

Soumya ranjan Panda (CHARTERED ACCOUNTANT) (43 Points)
Replied 25 June 2012

As per me, a CA can't sign it without remuneration. Institute isses notifications for minimum fees to be charged based on locations and populations. If the CA signing the balance sheet will not follow such guidelines then he / she will be under professional misconduct. So pls go through those notifications. Still institute has passed a circular and mentioned it has been repealed with. So it may be construed that the same requirements have been washed away.

Regards/

Soumya (Semi Qualified)

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