Audit Fee Trends 2918
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Can anyone point me to analysis as to audit fee trends over the past 4-5 years? Our fee negotiations are coming up and I want to have some industry information that I can use to show how fees have changed at other public companies over the past few years.
Thanks.
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Hi kymike – While audit fees are about 2X more than before SOX, I saw a few promising articles in searches as noted below. I’ve seen some articles reflecting minor declines in recent years, (esp. in our more challenging economic times) and hopefully it’s applicable in your own negotiations:
GENERAL SEARCH
http-and-#58;//www.google.com/#hl=en-and--and-q=sox audit fee trends
http-and-#58;//www.google.com/#hl=en-and--and-q=sox audit fees
Excellent article -and-#40;2006 - so it’s somewhat dated-and-#41;
http-and-#58;//www.nysscpa.org/cpajournal/2006/1006/essentials/p28.htm
More relevant to 2010 Sox Fees
http-and-#58;//www.directorship.com/audit-fees-decline/
http-and-#58;//warrington.ufl.edu/academics/pdbp/docs/proposals/2010_PremalataSundaram.pdf