Similar to the trends we’ve seen among SEC registrants, the number of SEDAR issuers has been declining over the years. In 2019, only 2,350 Canadian issuers reported audit fees – a substantial 34.5% decrease from the 2,963 issuers in 2018. This decline in issuers … Continue reading
Category Archives: Audit Fees
Ties to be Severed Between the Auditing and Consulting Arms of the Big Four in the UK
The Financial Reporting Council (FRC) is now acting on changes recommended by the recent independent reviews of the audit market in the UK. Deloitte, EY, KPMG, and PwC have each been notified on 6 July 2020 that they have four … Continue reading
Auditor Changes in Canada: 2019
Note: All amounts stated are in Canadian dollars Throughout 2019, Canadian auditor departures increased 16.6%, climbing to 338 departures from the 290 departures seen in 2018. The percentage of resignations has continued to trend upward, with 31% of auditor departures … Continue reading
A Twelve Year Review of Canadian Audit Fees and Non-Audit Fees
In this post, we’ll take a look at the audit fees and non-audit fees disclosed by Canadian issuers that filed with SEDAR from 2007 to 2018.1 For Canadian companies, the compensation of the external auditor is disclosed pursuant to the Multilateral … Continue reading
Auditor Changes Across Europe
This is the third post of our Decade of Data series to highlight our Europe databases containing ten years of data. In this post, we’ll look at the trends of auditor changes and fees from a selection of European stock indices, specifically … Continue reading
2018-2019 IPO Accounting and Legal Fees
How much do IPOs pay in accounting and legal fees? According to our analysis, the average amount of accounting and legal fees paid by initial public offerings in 2019 totaled roughly $2.2 million – with accounting fees averaging just under … Continue reading
Audit Fees of the S&P 500
How much should an audit cost? That is a difficult question to answer; it’s not as simple as charging an hourly rate. There are many factors that affect the overall cost of an audit: the amount of time and labor … Continue reading