|CFO Publishing Releases New Audit Benchmarking Tool
|Are Your Fees Too High or Too Low?
|CFO.com | US|
|April 07, 2010|
CFO Publishing announces the release of its new Audit Fee Report tool. Available online, the CFO Audit Fee Report tool enables finance executives to generate a customized report that analyzes what their companies paid in audit and audit-related fees, and how those fees compare with those paid by their peers.
"If you are a CFO and you have not evaluated your audit fees in the past two years, it is time to take a look," says CFO Editorial Director Tim Reason, noting that audit fees fell in nearly every industry for companies in all revenue ranges in 2008. Moreover, the AICPA says audit committees should regularly check that audit fees are "fair and reasonable in relation to . . . fees charged to other companies, and in line with fee benchmarking data."
The CFO Audit Fee Report tool provides finance executives and audit committees with an independent market benchmark of audit fees. "This tool, which was built by the CFO editorial team, adheres to the same high standards that characterize all CFO editorial products," stated Frank Quigley, president and CEO of CFO Publishing. "The data is sourced from Audit Analytics, the leading provider of such data, and our database and the resulting reports have gone through months of careful development, rigorous testing, and painstaking quality assurance."
The CFO Audit Fee Report is updated quarterly, and provides a fast and accurate way to benchmark your audit fees over a three-year period. To find out more, go to www.cfo.com/fees.
About CFO Publishing:
CFO Publishing is the leading business-to-business media brand focused on the information needs of C-level and senior financial executives. The business consists of CFO magazine, CFO.com, CFO Research Services, and CFO Conferences. CFO's award-winning editorial content and loyal, influential audience make it a valued resource for its readers as well as an effective marketing partner for a wide range of blue-chip companies. CFO has long-standing relationships with more than a half million financial executives.