TaxTMI 
TaxTMI 
Dear Sir,
In case of voluntary resignation by a Statutory Auditors, can new auditor accept the auditorship at lessor audit fee than the audit fees paid to resiging auditor?
Regards
RAPG & Co.
Under Cutting of Audit Fee in Case of Voluntary Resignation
02 Jul 2011 
1 Reply 
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Voluntary auditor resignation: incoming auditor may accept a lower audit fee but should obtain client fee details.
Where a statutory auditor resigns voluntarily, the incoming auditor is free to set and accept any audit fee, including a lower fee than the resigning auditor charged, and it is prudent for the incoming auditor to obtain client details, including prior audit fees, from the outgoing auditor before accepting the engagement. (AI Summary)
Where a statutory auditor resigns voluntarily, the incoming auditor is free to set and accept any audit fee, including a lower fee than the resigning auditor charged, and it is prudent for the incoming auditor to obtain client details, including prior audit fees, from the outgoing auditor before accepting the engagement. (AI Summary)