September 20, 2020

Here Are a Couple of Charts That Sum Up Auditor Fees since 2002

Courtesy of our friends at Audit Analytics, who have just issued a new study evaluating the trends of audit fees and non-audit fees earned from accelerated filers over the past 11 years. 

As you can see, it appears that audit firms have found a comfort zone in its split between audit/non-audit fees.

2002 -- Those were the days, amiright?!And in this table, "Total Revenue" indicates the top line for the population of accelerated filers in the study and as you can see, fees as a % of those revenues have shrunk nearly every year.  

To expand on footnote 3, non-audit fees consist of audit related fees, benefit plan, financial information systems design, tax, and other/miscellaneous related fees.

Compliance Week has a nice summary of the report. Discuss as you see fit.

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