Fees to statutory auditor
This query is : Resolved
25 November 2023
Dear Experts,
1 A company is paying the fees to the Statutory auditor for issuing the certificate towards related party transactions entered by the company.
2 Since this transaction is not related to the statutory audit, can the company account this transaction under professional fees? Or it has to be accounted with Audit fees
3 Pls confirm
1 A company is paying the fees to the Statutory auditor for issuing the certificate towards related party transactions entered by the company.
2 Since this transaction is not related to the statutory audit, can the company account this transaction under professional fees? Or it has to be accounted with Audit fees
3 Pls confirm
25 November 2023
It should be disclosed like this.
Payment to statutory auditor.
Audit fees.
Fees for other certification.
Payment to statutory auditor.
Audit fees.
Fees for other certification.
Message likes :
1 times
25 November 2023
Account the fee as LEGAL AND PROFESSIONAL CHARGES...
Message likes :
1 times
25 November 2023
Dear Sirs,
That is the statutory audit fees only be accounted under Audit fees.
Other fees are accounted under professional charges?
That is the statutory audit fees only be accounted under Audit fees.
Other fees are accounted under professional charges?
25 November 2023
As per Your query the fees paid for certification charges. It's not a statutory audit. So, it will be accountable as LEGAL AND PROFESSIONAL CHARGES...
Message likes :
1 times
06 December 2023
You can Treat under Professional Fees Ledger
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
