Auditor remuneration should be determined and approved through the applicable corporate process under the Companies Act and the company's governing documents. The correct approval route can depend on the type of appointment, company status and whether an Audit Committee or other regulatory framework applies. CorporateWalla assists with fee approval documentation, Board/shareholder resolutions, Audit Committee coordination, engagement terms and related statutory records.
The Companies Act provides the statutory framework for auditor remuneration.
For an auditor appointed by the company, remuneration is generally determined in the manner prescribed by the Act, subject to the applicable appointment and approval structure.
The remuneration can include:
The exact treatment should be documented according to the appointment circumstances.
These are different.
Amount payable to the statutory auditor/audit firm for the audit engagement.
Fee charged by CorporateWalla for compliance assistance, documentation, filing or related services.
The approval route depends on the appointment and company structure.
The company should review:
For many non-government companies, auditor remuneration is determined in the manner prescribed by Section 142, subject to the applicable corporate process.
Where an Audit Committee applies, it should be considered as part of the auditor appointment and remuneration process.
The committee may review or recommend:
The exact committee role should be checked against the current Companies Act and applicable SEBI requirements.
Listed companies can have additional requirements relating to:
The current SEBI framework should be checked before finalising the approval workflow.
Government companies can have a separate auditor appointment framework involving the CAG.
Auditor remuneration should therefore be reviewed alongside the applicable government-company/CAG process rather than applying an ordinary private-company workflow.
Depending on the engagement:
Any additional professional services should be separately assessed for legality, independence and approval.
If the auditor is asked to perform services outside the statutory audit, assess:
Do not treat every advisory service as prohibited, but do not assume every service is permissible either.
Auditor remuneration can be negotiated based on the actual engagement.
Factors can include:
A specific fee is not legally mandatory merely because it is a market quote.
The documentation should accurately reflect:
Do not use a generic resolution without checking whether the company is listed, government-owned or subject to Audit Committee requirements.
A Board resolution may be required or appropriate depending on the appointment and remuneration process.
It can document:
The exact authority should be verified for the particular company.
Auditor remuneration can change where:
A revised fee should be appropriately documented and approved.
The company and auditor can document treatment of reasonable agreed expenses.
The engagement should distinguish:
Not every expense is automatically reimbursable.
Auditor rotation is separate from remuneration.
A company must first determine whether the auditor is eligible for appointment/reappointment and whether rotation applies. See Auditor Rotation and Auditor Appointment.
Only after the appropriate appointment route is established should the remuneration documentation be finalised.
If an auditor resigns, the company should separately review:
Outstanding fees do not automatically determine whether a replacement auditor can be appointed.
Auditor removal is governed by a separate statutory process. See Auditor Removal.
Do not use fee disputes as a substitute for the statutory removal procedure.
The approved remuneration should be reflected appropriately in the engagement documentation. See Auditor Engagement Letter.
The engagement letter should not override the statutory appointment or remuneration approval process.
Auditor remuneration is engagement-specific.
These should be separately identified.
The statutory framework should be checked before finalising fee approval.
Listed and specified companies can have additional governance requirements.
Expense treatment should be agreed and documented.
Section 144 should be reviewed before adding non-audit services.
Material changes should be appropriately approved and recorded.
The exact approval route depends on the appointment and company circumstances.
Government/CAG-related requirements can differ.
CorporateWalla's assistance with auditor remuneration and fee approval is scope-based. The professional fee can depend on:
CorporateWalla's compliance fee is not the statutory auditor's remuneration.
Timeline depends on:
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: Quoted on company type and approval route
Timeline: Quoted on approvals and documents required
Timeline: Quoted on listed / government status and complexity
Every price above is a professional fee, excluding GST and government charges. 50% on delivery.
CorporateWalla's assistance is quoted on scope, because the work depends on resolution drafting, company type, listed or government status, Audit Committee involvement, fee revision, engagement complexity, regulatory disclosures and filing/documentation requirements. This professional fee is separate from the statutory auditor's remuneration and excludes GST.
Determine whether the company is private/public, listed/unlisted, government/non-government or Section 8, whether an Audit Committee applies and any sector-specific regulation.
Check whether it is a new appointment, reappointment, rotation, casual vacancy or special appointment.
Complete Section 141 and independence checks.
Document the audit period, scope, reporting requirements, group entities, complexity and additional services, if any.
Where applicable, obtain the required recommendation/review.
Prepare the Board resolution, general meeting documentation where applicable, Audit Committee recommendation, engagement letter and fee schedule.
Complete the applicable corporate process.
Keep the fee approval, resolution, engagement letter, invoice/payment records, reimbursement records and relevant regulatory disclosures.
Tell us your requirement, a CA will call you in 30 minutes.
The documentation accurately reflects the auditor, appointment, period, approved remuneration, reimbursement treatment and approval authority.
Resolutions are prepared for the approval route that actually applies, checked against Section 142 and the company's appointment structure.
Where an Audit Committee applies, its review or recommendation is built into the appointment and remuneration process.
Approved remuneration is reflected in the engagement documentation, and fee approvals, invoices and reimbursement records are maintained.
Custom quote • Scope-based
View details →
Custom quote • Scope-based
View details →
Custom quote • Scope-based
View details →
Custom quote • Scope-based
View details →
Custom quote • Scope-based
View details →
Custom quote • Scope-based
View details →
From ₹14,999 • Scope-based
View details →
From ₹2,999 • Annual
View details →
