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Study: Audit costs on rise again in 2017

Tammy Whitehouse | January 4, 2019

An analysis of audit and non-audit fees shows audit fees paid by public companies crept upward in 2017 for the fifth straight year.

In the latest installment of its annual study of audit and non-audit fees, Audit Analytics says public companies paid an average of $548 in audit costs for every $1 million in revenue. That’s an increase of $8 per million over 2016 audit costs and $29 per million more than companies paid in 2015.

After a spike in audit costs with the advent of Sarbanes-...

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