fixed asset verification of bank branch

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fak_ca (Querist)
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16 June 2009 kindly help me out

i have got a proposal from a bank in which they have asked me to quote the fees that i will charge for fixed assets verification can you guide me how to quote for the same
i would be thankful to all of you for helping me out

Ratan Sharma

Ratan Sharma (Expert)
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17 June 2009 Hi,
Generally this audit is carried out on half yearly basis. In my opinion Rs. 5000/- per visit will be reasonable. This much is generally given by the banks. Also see the nature of fixed assets to be verified, conditions by bank & scope of audit before quoting fees.

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