Rate of Growth in Audit Fees Doubled in 2017: FERF
New accounting standards, greater M&A activity, and PCAOB documentation requests drove up fees, according to the Financial Executives Research Foundation.
Do Big Four Auditors Unfairly Raise Fees?
The longer the tenure of a company's Big Four auditor, the greater the fee — even though the effort required of the auditor lessens over time.
M&A Drives Largest Hikes in Audit Fees
The biggest outlier was health-plan provider Centene, whose fees soared by more than 200% in 2016.
Audit Fees for Public Companies Up 3.4%
SEC filers paid external auditors an average of $1.5 million in 2014, with the median fee coming in at $402,812.
Small Firms Pay Bigger Slice of Revenue in Audit Fees
Small publicly held companies pay more than $5,000 in audit fees (on average) for every $1 million in revenue, finds Audit Analytics.