Audit Fees

Study: Naming Audit Partners Boosts Audit Quality, Fees

Tammy Whitehouse February 22, 2012

A new study finds that naming the audit partner in an external auditor's report generally leads to better audits, but also drives up audit fees. The conclusions, by two management professors, are based on an analysis of how audits changed after Britain enacted a "signing provision." They found increases in three different measures of audit quality. Details inside.

PCAOB Imposes New Annual Fee on Audit Firms

Tammy Whitehouse April 14, 2010

Audit firms will be getting a bill from audit regulators for a new annual fee, with Big 4 firms paying $100,000 a piece to support the regulatory regime.The Public Company Accounting Oversight Board has put audit firms on notice that they can expect an invoice in May based on the...

Audit Costs Rise Slightly, but More for Private Companies

Tammy Whitehouse June 18, 2009

Companies saw a slight increase in their audit fees in 2008, but public companies fared better than private, according to the latest survey data from Financial Executives Research FoundationOn average, publicly held companies paid $3.7 million in total audit fees in 2008 for a 2.2 percent increase over 2007 fees....

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