The Institute of Chartered Accountants of India (ICAI) has proposed a range of charges for audit and certification services, ranging from Rs. 2000 to Rs. 80,000 as minimum amount and which can go up to any level as per the complexity of work. The mentioned fees are recommended and not compulsory which are proposed for the welfare of the Chartered Accountants.
Auditing involves a structured procedure of examining and assessing an organization’s financial information, records, statements, and other pertinent data to ensure precision, thoroughness, and adherence to relevant laws, regulations, and accounting principles.
The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has prescribed the minimum recommended scale of fees for the professional assignments done by the members of CA Institute.
The Committee for Capacity Building of Members in Practice (CCBMP) of ICAI as a part of its commitment to strengthen the Small & Medium Practitioners has initiated the Revised Minimum Recommended Scale of Fees for the professional assignments done by members of ICAI. The committee has suggested the minimum fees for auditing and certification works separately for Class A Cities and Class B cities.
Fee for Audit and Other Assignments
The ICAI has indicated that the daily rate would be contingent upon the intricacy of the task and the duration allocated by each individual.
Note: Fees to be charged depending on the complexity and the time spent on the particular assignment.
Minimum Fee for certification Works
Note: Fees to be charged depending on the complexity and the time spent on the particular assignment.
Also Read: CA Fee High or Low: Know Minimum Fee fixed by ICAI on Income Tax Returns Filing
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