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FERF finds more evidence of audit cost creep in 2016

Tammy Whitehouse | January 17, 2018

Another new study confirms public company audit costs inched upward in 2016, albeit by a smaller amount than in 2015.

The latest analysis by Financial Executives Research Foundation says public filings show public companies paid a median 2.6 percent more in audit fees in 2016 than they did in 2015, when fees rose by 3.5 percent. Large accelerated filers showed increases of 3.4 percent in 2016 compared with 2.5 percent for accelerated filers, and 2.4 percent for both non-accelerated filers and smaller reporting companies.

A FERF survey says the median increase in 2016 landed at 1.3 percent compared with a 1.6 percent-increase in 2015. Taken together, the data suggest fees continue to rise, but at a slower rate, says FERF. That’s similar to... To get the full story, subscribe now.