Friday, April 21, 2006
Who are India's top auditors?
Key findings of a study by Prime Academy analyses the profession
"54 per cent of Indian companies pay less than Rs 5 lakh as their compliance costs."
Six audit firms in India grossed a fee earning of over Rs 10 crore. The highest fee paid was Rs 7.95 crore. And only 21 companies paid their auditors more than Rs 1 crore.
These are some of the key findings of a study brought out by Prime Academy, Chennai. `Who are India's top auditors... and, how much do they charge,' is the title of the report, billed as `India's first' on the profession.
See full Article.