CORAA ವಿಶ್ವವಿದ್ಯಾಲಯ · ಪರಿಕರ· विद्यालय

ಬೆಲೆ ಎಂಗೇಜ್‌ಮೆಂಟ್, ಮೊತ್ತವನ್ನು ಸಮರ್ಥಿಸಿ.

Estimate ಎಂಗೇಜ್‌ಮೆಂಟ್ ಶುಲ್ಕಗಳು ಗ್ರಾಹಕ ಪ್ರೊಫೈಲ್ ಆಧಾರಿತ, complexity and ಆಡಿಟ್ approach, with a transparent breakdown and staffing hours.

ಎಲ್ಲಾ ವಿಶ್ವವಿದ್ಯಾಲಯ ಪರಿಕರಗಳು

ಎಂಗೇಜ್‌ಮೆಂಟ್ details

ಎಂಗೇಜ್‌ಮೆಂಟ್ type

ಕಂಪನಿ type

ವಾರ್ಷಿಕ ವಹಿವಾಟುRs 13.1 Cr

Rs 25 LRs 5,000 Cr

ಕೈಗಾರಿಕೆ

ಪಟ್ಟಿಮಾಡಲಾದ ಕಂಪನಿ

ಶಾಖೆಗಳು / ಸ್ಥಳಗಳು

ಲೆಕ್ಕಪತ್ರ ಸಾಫ್ಟ್‌ವೇರ್

ಸಂಕೀರ್ಣತೆಯ ಅಂಶಗಳು

ವಹಿವಾಟಿನ ಪ್ರಮಾಣ3/5

ಕಡಿಮೆಅತ್ಯಂತ ಹೆಚ್ಚು

ನಿಯಂತ್ರಕ Complexity2/5

ಕಡಿಮೆಅತ್ಯಂತ ಹೆಚ್ಚು

ಸಂಬಂಧ ಪಕ್ಷದ ವಹಿವಾಟುಗಳು2/5

ಇಲ್ಲneವ್ಯಾಪಕ

ಅಂತರರಾಷ್ಟ್ರೀಯ ಕಾರ್ಯಾಚರಣೆಗಳು2/5

ಇಲ್ಲneಗಣನೀಯ

ಹಿಂದಿನ ವರ್ಷದ ಅರ್ಹತೆಗಳು / ಸಮಸ್ಯೆಗಳು2/5

ಇಲ್ಲneಅನೇಕ

Group ಆಡಿಟ್ requirement

ಆಡಿಟ್ approach

Estimated ಶುಲ್ಕ range

Rs 2.00 L – 5.00 L

ಅಂದಾಜು ಗಂಟೆಗಳು

67 – 333

@ Rs 1,500-3,000/ಗಂಟೆ

ಸಿಬ್ಬಂದಿ ಸಲಹೆ

Partner hrs

Manager hrs

Senior hrs

Junior hrs

ಮಾರುಕಟ್ಟೆ ಹೋಲಿಕೆ

ನಿಮ್ಮ ಅಂದಾಜು · Rs 2.23 L41%

ಮಾರುಕಟ್ಟೆ ಸರಾಸರಿ · Rs 3.85 L100%

Indicative estimate. Actual ಶುಲ್ಕಗಳು depend on ಎಂಗೇಜ್‌ಮೆಂಟ್-specific circumstances and professional judgment.

ಇನ್ನಷ್ಟು margin, same scope

AI ಭಾರವಾದ ಕೆಲಸ ನಿಭಾಯಿಸಲಿ - competitive ಶುಲ್ಕಗಳು, healthy margins.

Coraa cuts the hours so the ಎಂಗೇಜ್‌ಮೆಂಟ್ still earns. Same ಆಡಿಟ್, less manual work.

ಮುಂದೆ

ಬೆಲೆ ನಿಗದಿ ಮಾಡಿದ ನಂತರ, ಗಂಟೆಗಳನ್ನು ಅಂದಾಜು ಮಾಡಿ.

ಉಚಿತ ಪ್ರಯೋಗವನ್ನು ಪ್ರಾರಂಭಿಸಿ ಸಮಯ ಅಂದಾಜುಗಾರವನ್ನು ಪ್ರಯತ್ನಿಸಿ

How statutory audit fees are estimated

In India, statutory audit fees are not regulated by ICAI minimum scales — those were abolished after the 2008 deregulation. Fees are negotiated commercially between the company and the auditor, subject to disclosure under Section 197(12) of the Companies Act 2013 (in the Board's Report) and Section 142 (ratification by shareholders). The shareholders' resolution at appointment fixes the auditor's remuneration or authorises the Board to fix it.

Fee benchmarks vary widely. For a private limited company with turnover up to ₹10 cr, statutory audit fee typically falls between ₹40,000 and ₹1.5 lakh. For listed entities, fees scale with complexity, group structure, regulatory burden (SEBI LODR, IFC, Ind AS), and the firm tier (Big 4 vs mid-tier vs local). ICAI in its Cost of Audit publication and Guidance Note on Audit Quality Maturity Model (AQMM) emphasises that fee should not compromise quality and recommends quoting based on estimated hours × charge-out rate.

Apart from statutory audit, separate engagements (tax audit under Section 44AB, GST audit, internal audit, transfer pricing) attract separate fees and are disclosed separately in the audit fee note. ICAI Code of Ethics Volume I prohibits contingent fees for statutory audits — fees cannot be linked to audit findings or outcomes.

Worked example — mid-sized manufacturing company

An unlisted private company with turnover ₹250 cr, employee strength 300, single location, Ind AS framework, 4 subsidiaries. First-year audit by a mid-tier firm.

Inputs

Turnover₹250 Cr

FrameworkInd AS

Subsidiaries4

Engagement complexityModerate-high

First-year premium+15%

Output

Estimated standalone fee₹6 L – ₹9 L

Consolidation fee₹2 L – ₹3 L

First-year adjustment+₹1.2 L – ₹1.8 L

Total audit fee range₹9.2 L – ₹13.8 L

Out-of-pocket expensesAt actuals

Mid-tier firms typically quote ₹2,000-5,000 per hour for senior staff (manager / partner). The estimate above assumes ~400-600 hours of partner + manager + staff time for a moderately complex Ind AS audit with 4 subsidiaries. First-year premium covers opening-balance work under SA 510 and initial knowledge-of-business build-up.

Common mistakes

Quoting on volume metrics only

Fee based purely on turnover or transaction count misses complexity drivers — multiple locations, related party transactions, foreign operations, regulatory complexity (NBFC / listed / sectoral), pending litigation, restatements. A focused complexity scorecard yields a more defensible quote.

Ignoring the Companies (Audit and Auditors) Rules 2014 disclosure

Rule 4 requires auditor fee disclosure split between statutory audit, taxation matters, other services, and reimbursement of expenses. Non-statutory services should be tested against Section 144 prohibitions before quoting.

Pricing below cost to win

NFRA enforcement actions have noted that fee compression correlates with audit quality issues. Pricing below the hours required for a quality audit is a regulatory and reputational risk — and may attract NFRA / ICAI scrutiny.

Forgetting the SA 220 / SQM 1 cost

Engagement quality control (SA 220) and the firm's system of quality management (SQM 1) — independent review, hot review, cold review — add real cost. These costs scale with complexity and should be priced in, not subsidised across engagements.

Frequently asked questions

Is there a minimum audit fee prescribed by ICAI?+

No — the minimum statutory audit fee scales were abolished in 2008. Fees are now commercial. However, ICAI Guidelines (Code of Ethics, Quality Maturity Model) emphasise that fees should not be so low as to impair quality. NFRA has taken enforcement action where fee compression appeared to correlate with audit failures.

How is the audit fee approved?+

Section 142(1) — the remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein. In practice, the shareholders pass a resolution authorising the Board to fix the remuneration. The auditor's engagement letter under SA 210 records the agreed fee.

Can audit fees be on a contingent basis?+

No. ICAI Code of Ethics — for assurance engagements (including statutory audit), contingent fees are prohibited. Fees may be agreed as a fixed amount or based on time spent at agreed hourly rates, but cannot be linked to specific audit outcomes or findings.

What about non-audit services?+

Section 144 prohibits the statutory auditor from rendering specified services to the client: accounting, internal audit, design / implementation of financial information systems, actuarial services, investment advisory, investment banking, rendering of outsourced financial services, management services. Other services may be rendered subject to Audit Committee approval and disclosure.

How are audit fees disclosed in financial statements?+

Schedule III and Rule 4 of Companies (Audit and Auditors) Rules 2014 require disclosure split between: (a) audit fees, (b) tax matters, (c) other services, (d) reimbursement of expenses. The disclosure is for the year (paid + payable). Comparative numbers must be shown.

Is the auditor's remuneration deductible under Income Tax?+

Yes — fees paid to the statutory auditor in the course of business are allowable as business expenditure under Section 37(1) of the Income Tax Act 1961, subject to TDS under Section 194J (10% on professional fees) if applicable.

What is the typical fee for a tax audit under Section 44AB?+

Tax audit fees are usually a separate engagement from statutory audit and typically range from ₹15,000-50,000 for smaller entities (turnover up to ₹5 cr), and ₹1-3 lakh for entities with turnover above ₹50 cr. Larger and more complex entities can attract substantially higher fees. ICAI does not prescribe minimum tax audit fees either.

How should I budget for a first-year audit?+

First-year audits typically attract a 10-25% premium over steady-state fees. This covers opening-balance work under SA 510 (review of prior auditor's work, additional testing of opening balances), knowledge-of-business build-up, system walkthrough, and meeting incoming-auditor responsibilities under SA 510. Document the basis with the audit committee.

Authoritative sources

Section 142 + Rule 4 — Companies (Audit and Auditors) Rules 2014 — Read alongside ICAI Code of Ethics Volume I (Part A — Independence) and ICAI Guidance Note on Audit Quality Maturity Model (AQMM).

Always confirm against the latest version of the source. Regulations evolve and amendments are common.

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Last reviewed: 2026-05-28 · For informational purposes only — not professional advice.