https://www.taxtmi.com/circulars?id=10891 Boards must recommend auditors' fees to the Company Law Board based on a comparative assessment of company activity or since the last revision, using specified indicators (production/sales, purchases, revenue expenditure, capital employed, fixed assets, investments, loans and transaction volumes) and audit workload metrics (vouchers, decentralisation, man hours, internal audit presence, and supplementary reporting obligations); fees for current financial years should be estimated from expected activity, substantive remuneration should exclude TA/DA and incidental expenses, and first year/project audits should use budgeted minimum activity to avoid excessive fees. en-us Thu, 08 Apr 1976 00:00:00 +0530 Fri, 17 Jun 2011 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10891 Boards must recommend auditors' fees to the Company Law Board based on a comparative assessment of company activity or since the last revision, using specified indicators (production/sales, purchases, revenue expenditure, capital employed, fixed assets, investments, loans and transaction volumes) and audit workload metrics (vouchers, decentralisation, man hours, internal audit presence, and supplementary reporting obligations); fees for current financial years should be estimated from expected activity, substantive remuneration should exclude TA/DA and incidental expenses, and first year/project audits should use budgeted minimum activity to avoid excessive fees. Circulars Companies Law Thu, 08 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10891