{"id":8389,"date":"2010-09-01t15:36:19","date_gmt":"2010-09-01t19:36:19","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=8389"},"modified":"2024-08-14t09:31:16","modified_gmt":"2024-08-14t13:31:16","slug":"have-audit-fees-hit-bottom","status":"publish","type":"post","link":"\/\/www.g005e.com\/2010\/09\/01\/have-audit-fees-hit-bottom\/","title":{"rendered":"have audit fees hit bottom?"},"content":{"rendered":"
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click to enlarge<\/figcaption><\/figure>\n

not quite yet, according to a new analysis by cfo magazine.<\/strong><\/p>\n

but cfo says “the trend has begun to slow.”<\/p>\n

“only three of the top eight audit firms showed a drop in fees charged as a percentage of client revenue in 2009,” cfo says, compared with a dramatic drop from 2007 to 2008 for all but crowe among the top eight firms.<\/p>\n

audit fees have been dropping since 2007.<\/p>\n

in 2004, more than a third of auditor changes were the result of audit firms walking away from clients.<\/p>\n

last year, 82% of auditor changes resulted from companies firing their auditors. and among the big four, the number was 90%.<\/p>\n

via cfo.com<\/a><\/em><\/p>\n