Reappointment of Auditor Letter Format

Template Covering Letter for Internal Auditor Appointment with Remunerations Fees payment agreement as per companies act & resolution

RSL/SECT/13-14/

Date : 10^th May, 2013

M/s Akhil Jain & Associates

Chartered Accountants

14/1 L K Road, Khapoli

Mumbai – 458 445

Dear Sirs,

With reference to the various discussions we had with your good selves, we hereby re-appoint you as our Internal Auditor for the Financial Year 2013-14 vide the resolution passed in the Board Meeting held on 7^th May, 2013.

We are enclosing herewith the scope of Internal Audit in Annexure – I and summary of Audit Fees in Annexure - II.

Kindly acknowledge receipt.

Thanking you,

Yours faithfully,

for ROCKET SALES LTD.

NEELAM RAO

PRESIDENT

Annexure-II

Summary of Audit Fees for the F.Y. 2013-14

Sl.No.	Particulars	Amount (Rs)	Frequency per year
1	Factory Audit	5,00,000.00	Once
2	H.O.Audit	2,00,000.00	Once
3	Follow Up Audit-H.O./Factory	1,00,000.00	Twice
4	Stock Audit-Factory	2,00,000.00	Once
5	Depot Audit:
	For 10 Days	3,50,000.00	As and when required
	Per Extra Days	25,000.00

Note 1: Taxes as applicable will be charged extra.

Note 2: Travelling, Boarding and lodging expenses will be reimbursed on actual basis.

Note 3: The Follow up Audit Fee is Rs. 50,000.00 per frequency.