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  #   037-008 - Audit Fees

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  Audit fees should not be debited to accountancy fees. They are a separate cost and if your business is incurring audit fees, its recommended that they're treated separately. If the audit fees can be specifically allocated to a separate department, then this should be done. Otherwise audit fees shou ...[Read more](#hikashop_show_tabular_description)

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 Audit fees should not be debited to accountancy fees. They are a separate cost and if your business is incurring audit fees, its recommended that they're treated separately.

If the audit fees can be specifically allocated to a separate department, then this should be done. Otherwise audit fees should be debited to the Administration Section - Profit & Loss Account and then recovered by way of the Administration Service Charge to be levied to the departments within the business.

This paper covers the following topics:

- Audit Fees Treatment
- Audit Fees Allocation
- Audit Fees for a Specific Profit Centre