CA MAYANK (CA) (1219 Points)
24 June 2012Hey 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
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 24 June 2012
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.....
Sheena Maheshwari
(ARTICLESHIP)
(240 Points)
Replied 24 June 2012
yes i guess.ca has a right to remuneration but no obligation
Shantilal K. Patel
(chartered acc ountant)
(39 Points)
Replied 24 June 2012
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
Deepak Parsai
(Future CA)
(623 Points)
Replied 25 June 2012
Soumya ranjan Panda
(CHARTERED ACCOUNTANT)
(43 Points)
Replied 25 June 2012
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 Still institute has passed a circular and mentioned it has been repealed with.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)
Soumya ranjan Panda
(CHARTERED ACCOUNTANT)
(43 Points)
Replied 25 June 2012
Soumya ranjan Panda
(CHARTERED ACCOUNTANT)
(43 Points)
Replied 25 June 2012
https://220.227.161.86/12766Council_General_Guidelines.pdf
Please read chapter xii of the PDF
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 25 June 2012
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.
MOHAMMAD RIZWAN CA-final
(rizwan)
(104 Points)
Replied 25 June 2012
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
vinodkumargupta
(proprietor)
(115 Points)
Replied 26 June 2012
Dear Rajesh,
There is no cmpulsion for aduit fee, You can very well sign audit report of company without taking any fees.
VINOD GUPTA
Excel Mastery Program
CAclubindia
