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Companies Act, 1973 (Act No. 61 of 1973)

Chapter X: Auditors

Rights, Duties and Remuneration

283. Remuneration of auditor

 

 

1) Save as is otherwise provided in this Act, the remuneration of the auditor of a company shall be determined by agreement with the company.

 

2) All payments made or to be made by a company to its auditor, specifying the remuneration for the audit, the remuneration for other specified services, the auditor's expenses and payments in respect of the audit and any other matter, shall be included under a separate heading in the income statement in respect of the accounting period concerned.

 


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