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This is an executive survey/report by FERF that benchmarks audit fees paid by companies in fiscal 2008, comparing public and private companies in the U.S., including a small number of foreign companies. Some key features:
It covers total audit fees, including fees for external audit and audit of internal controls under SOX 404 (where applicable).
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Provides average fees: for example, public companies’ average audit fee ~$3.7 million; private companies’ average ~$219,500.
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Analyses fee rates per hour, negotiation practices, audit team structure (centralized vs decentralized operations), use of Big-4 vs regional/local firms, and supplemental services like tax and other professional services.
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Offers exhibits/tables showing audit fees by company size, filing status, revenue brackets, legal entity counts, etc
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Edition:
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Publisher: (FERF)
Publishing Year: 2009
ISBN: 978-1-61509-006-8
Pages: 24