The amount of non-audit fees a public company pays to their independent outside audit firm has once again come into sharp focus. The SEC considers high non-audit fees to be an auditor independence concern. If an auditor earns a large … Continue reading
Category Archives: Audit Fees
Nineteen-Year Review of Audit & Non-Audit Fee Trends Report
Audit Analytics recently released its most recent report, Nineteen Year Review of Audit Fee and Non-Audit Fee Trends. Using data from our Audit Fees database, this report provides a detailed analysis and comparison of trends in audit and non-audit fees disclosed by … Continue reading
Companies that Experience Cyber Incidents See Higher Audit Fees
Cybersecurity is an ongoing concern for managing an evolving information technology (IT) control environment. In addition to costs related to investigation, remediation, and reputation, cyber incidents also impact costs related to the audit of internal controls. Companies that have a … Continue reading
Initial Public Offerings: Recent Trends in Corporate Governance Risks
Audit Analytics recently released a new report, Initial Public Offerings: Recent Trends in Corporate Governance Risks. Leveraging our extensive databases, the report provides a deeper look at the risks that initial public offerings offer to investors, regulators, and other financial … Continue reading
Who Audits Mutual Funds – Mutual Fund Audit Fees
Wrapping up our series on mutual funds, here we examine the market share for audit and non-audit fees by audit firm. The Audit Analytics’ Funds + Securities Audit Fee database tracks audit and non-audit fees paid by mutual funds to … Continue reading
2020 IPO Accounting and Legal Fees
There were 474 initial public offerings in 2020 – the highest amount of IPOs in a single year since 2000. Interestingly, as noted in our previous analyses, 2020’s IPO activity was primarily driven by blank checks and special purpose acquisition … Continue reading
The Risks of Long-Term Asset Valuation
Impairment has been a hotly debated issue as of late. Much of the discussion has focused on intangible assets, specifically debating the merits of impairment, depreciation, and amortization when recording the value of long-term intangible assets. The valuation of intangible … Continue reading