The Council of the Institute of Cost & Works Accountants of India (ICWAI) at its 268th Meeting has suggested the following minimum fees to be charged by CWA’s. 1. Fees for Cost Audit Related Assignments Turnover in Rs. Crores Fees for Cost Audit Fees for Cost Records/ Compliance Below 5 20,000 5-10 40,000 10-20 50,000 20-50 75,000 25,000 50-75 1,00,000 ...
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In a move that is expected to bring cheers on the faces of Cost Accountants, the Ministry of Corporate Affairs (MCA) has accepted the recommendations sent by ICWAI to discontinue the existing system of ordering Cost Audits on a company to company basis in the same Industry. The Ministry of Corporate Affairs vide Notification no. dated 2nd May 2011 has ...
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