Audit Analytics released its annual Audit Fee report yesterday. Titled “Audit Fees and Non-audit Fees: A Twelve Year Trend”, the report is available free to subscribers or for purchase to non-subscribers. Overall, the research showed that for 2013 the ratio of … Continue reading
Overview The number of companies going public in the United States continues to increase. According to an analysis of our IPO database, there were 91 IPOs in the second quarter of 2014, an increase of 17 percent compared to the … Continue reading
An analysis of accounting and legal fees disclosed by IPO companies shows that these fees have increased dramatically in the past two years, especially in 2013. About a year ago, Audit Analytics looked at a five year trend in accounting and … Continue reading
How much should an audit cost? It’s a difficult question to answer. It’s not as simple as charging an hourly rate: since a lot of audits are fixed fees, billable hours are irrelevant except to internal P&Ls. Many audit engagements … Continue reading
With Twitter’s remarkable tweet announcing its filing with the SEC for a planned IPO, there’s been a flurry of discussion regarding the JOBS Act, especially the somewhat controversial designation of “Emerging Growth Companies”. Back in February, Audit Analytics posted an analysis of … Continue reading
As various industry data affected by the recession continues to be scrutinized, the amount being paid to auditors cannot be overlooked. The graph below explores how the most recent recession had an effect on various sub-industries with respect to the … Continue reading
The table below contains the accounting and legal fees of IPO issuers for the years 2008-2012. As demonstrated in Table 1, a decreasing trend emerges in average accounting fees during the years 2008-2011. In 2012, however, average accounting fees increased … Continue reading