Fees payable to the statutoey auditor
This query is : Resolved
18 September 2009
M/s A & Co, Chartered Accountantants, is getting statutory audit fee if Rs.2000/- . Can he get for rendering other services fee of Rs.3000/- from the same client.
18 September 2009
Can you specify the nature of service?
18 September 2009
No he cann't.
19 September 2009
A statutory auditor can provide only a limited number of services to the client apart from the the audit itself. Mostly various certification jobs are prevalent in practice for which they charge separate fees.
19 September 2009
In continuation of my answer, I request u to visit chapter IX in http://www.icai.org/resource_file/12766Council_General_Guidelines.pdf
20 September 2009
Thanks to all for the replies! The nature of service aprart from the statutory auditor, the management consultancy serviec provided by the same auditor.
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