Can a CA sign company audit report without any remunration

Stat Audit 2079 views 10 replies

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

Replies (10)

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.....

 

 

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

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

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.

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 Still institute has passed a circular and mentioned it has been repealed with.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)

https://www.icai.org/new_post.html?post_id=7493&c_id=219

https://220.227.161.86/12766Council_General_Guidelines.pdf

Please read chapter xii of the PDF

I think this is not a query or rather we can say it is hypothetic situation.

Being a CA who  will sign the Audti Report and not ask for remuneration.

 

BY COMMON SENSE WE ARE ANSWERING THAT AUDITOR MAY SIGN THE AUDIT REPORT WITHOUT ANY REMUNERATION..BUT AS PER CA GUIDELINE IT IS DIFFERENT..

https://220.227.161.86/12766Council_General_Guidelines.pdf

THANKS TO Soumya ranjan Panda FOR SHARING

 

Dear Rajesh,

There is no cmpulsion for aduit fee, You can very well sign audit report of company without taking any fees.

                                                                                        VINOD GUPTA


CCI Pro

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