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.