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.
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