RECOVERY OF OUTSTANDING AUDIT FEES

This query is : Open

vivek Gopalakrishnan (Querist)
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14 July 2010
Can anyone please clarify whether a RETIRING AUDITOR has the privilege to issue a Legal Notice to a Client for non payment of outsanding Audit Fees duly being reflected in Balance Sheet??

If Not what is the alternate mode of Recovery?

Vivek Gopalakrishnan
CA Final Stdent.

Ankur Garg

Ankur Garg (Expert)
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14 July 2010 AS PER MY GENERAL UNDERSTANDING YES A RETIRING AUDITOR CAN GO AHEAD AND FILE A LEGAL CLAIM FOR HIS/HER LEGITIMATE FEE.

PROVIDED NOTHING IS PENDING FROM THE AUDITOR'S SIDE TOWARDS THE COMPANY.

WAIT FOR OTHER EXPERT OPINION.

REGARDS