The average accounting and legal fees disclosed by IPO companies ticked up slightly in 2016. Average accounting fees increased 24% to $0.95 million and average legal fees increased 15% to $1.69 million. This represents a reversal of the downward trend that was … Continue reading
Category Archives: Audit Fees
Auditor Changes Roundup: 2016 Annual Summary
BDO USA continues to hold the top spot for new SEC audit client wins among the major global and national firms for the fourth year running. The firm acquired Mantyla McReynolds LLC in the spring, which helped boost its net … Continue reading
Audit Fees and Non-Audit Fees: A Fourteen Year Trend
Last week, Audit Analytics released its annual report Audit Fees and Non-Audit Fees: A Fourteen Year Trend. The report provides a detailed breakdown of fees paid by accelerated filers and includes an additional analysis of companies that filed an auditor attestation that disclosed ineffective … Continue reading
IPO Accounting and Legal Fees: 2015 Update
The average total accounting and legal fees for IPO companies in US markets dropped again in 2015, continuing a downward trend line from a peak in 2013. Average accounting fees in 2015 declined by 23% while average legal fees declined by … Continue reading
Auditor Changes Roundup: 2015 Annual Summary
For the third year running, BDO USA led the way in new SEC audit client wins among the major global and national firms. The Top 10 firm increased its net SEC client count by 17, gaining 42 and losing 25. That continues … Continue reading
Audit Firm Membership in Associations, Networks, and Alliances
Small Audit Firm Membership in Associations, Networks, and Alliances: Implications for Audit Quality and Audit Fees, an academic paper written by Kenneth L. Bills, Lauren M. Cunningham, and Linda A. Myers, examines membership in networks and alliances. The authors find evidence that smaller … Continue reading
Audit Fees and Non-Audit Fees: A Thirteen Year Trend
Audit Analytics recently released its annual report covering audit and non-audit fees of SEC accelerated filers. The report is available free to subscribers or for purchase to non-subscribers. In the report, we studied the audit and non-audit fees paid by accelerated filers … Continue reading