Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, May 1, 2008

Survey of Auditors' Fees

A survey of financial executives at 185 companies found that larger firms spent an average of $3.6 million on total audit costs in 2007, up 2% from 2006, but a 5.4% decline in the cost for auditors' review of management's internal controls.  Larger firms paid an average of $210 per hour for auditors, up 5% from 2006.  WSJ, Sarbanes-Oxley Costs For Compliance Decline.

http://lawprofessors.typepad.com/securities/2008/05/survey-of-audit.html

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