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The remuneration of an auditor of a partnership firm is fixed...

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The remuneration of an auditor of a partnership firm is fixed by

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Correct Answer: Option D
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Akash Dahire
Akash Dahire 6 months ago
The remuneration of an auditor for a partnership firm is fixed by the partners of the firm through mutual agreement, as defined in their partnership deed or subsequent decisions. Unlike companies, the auditor appointment and fee for a partnership is governed by the agreement between the partners rather than statutory mandates like Section 142 of the Companies Act.
Mutual Consent: Partners collectively agree on the auditor's terms and remuneration.
Partnership Deed: Ideally, the method for appointing the auditor and fixing their remuneration is mentioned in the firm's partnership deed.
Appointment Authority: The party appointing the auditor generally determines the remuneration.
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