NATIONAL
TREASURY: Department: National Treasury
From: Freeman Nomvalo: Accountant-General
To: Mr Pramesh Bhana
Dear Pramesh
Re: Guideline on fees for audits done on behalf of the Auditor-General
Your letter dated 12 March 2007 has reference.
The National Treasury, through the Office of the Accountant-General concurs
with the proposed straight 4% increase on each charge out rate as previously
published in the SAICA circular 11/2006.
The proposal for a comprehensive research project by SAICA and the
Auditor-General is also supported as long as the National Treasury is
consulted. Any other proposals would have to be linked to conclusion of the research
exercise.
Please do not hesitate to contact me should you need any further assistance.
Sincerely,
Freeman Nomvalo ACCOUNTAN~GENERAL