Under Cutting of Audit Fee in Case of Voluntary Resignation , Accounting - Auditing

[PANKAJ GROVER]

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.

Posts / Replies

[Shrikant Gaonker]

 

If the Auditor has resigned on his own volition, the incoming auditor is free to chsrge any fees.

However, I feel , it is prudent on his part, if he gets clients details including fees from outgoing auditor  too.