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Companies get proactive to control audit costs, report says

Tammy Whitehouse | January 18, 2017

Companies are mitigating increases in audit fees, and in some cases are even reducing their audit costs, using some key tactics outlined in a new report from the Financial Executives Research Foundation.

FERF’s review of 2015 audit costs for all public companies found a median increase of 3.2 percent over 2014 costs. That demonstrates a trend similar to those identified in a separate analysis by Audit Analytics. However, a meaningful population of companies were able to reduce their audit costs from the prior year, FERF says. The...

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