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Audit Fees and Non-Audit Fees A Seven Year Trend

Sponsored By Audit Analytics

Topics:: Accounting > Accounting Standards; Finance & Risk Management > Expense Management; Professional Services

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Abstract:: How have audit and non-audit fees changed in the years since Sarbanes-Oxley became law? In this paper, Audit Analytics, the leading provider of audit fee data, provides a comprehensive analysis of the trends in audit and non-audit fees paid by accelerated filers since 2002. Among the issues analyzed here paper are the overall trend in audit fees paid, non-audit fees as a percent of total fees paid, cost of non-audit fees, and market forces that have affected audit firms. Those market forces, which are also analyzed, include audit firm salary increases, litigation exposure, fraud detection and valuation requirements, restatements at clients, CFO departures at clients, SEC auditor independence rules, increased educational requirements for CPAs, and the impact of globalization.

DETAILS

Sponsored by: Audit Analytics

Released: July 06, 2010

Length: 14 pages

Format: PDF (539 kb)

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