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Audit Fee Data Reveals New Departure from Non-Audit Services

Tammy Whitehouse | August 26, 2015

As regulators have cracked down on auditor independence violations, the spread between what companies pay for the financial statement audit compared with other non-audit services performed by the same firm has grown to its greatest gap yet in the post Sarbanes-Oxley era.

According to the latest study by Audit Analytics of fees paid in 2014 by 2,300 accelerated filers, 80.3 percent were focused on the integrated financial statement internal control audit. Fees for non-audit services, including tax services that are allowed to be performed by the auditor under auditor independence rules, dipped to 19.7 percent of the total bill from the...

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