audit fees stall at 2% annual increase

clients report little change to their external audit fees in 2010.

2010 average audit fees by sales revenue
click to enlarge: 2010 average audit fees by sales revenue

publicly held companies surveyed this year paid on average $3.3 million in total audit fees for fiscal year 2010, which represented an increase of 2% from the audit fees that these same respondents paid for the prior fiscal year audit, according to the financial executives research foundation, an affiliate of financial executives international.