{"id":8389,"date":"2010-09-01t15:36:19","date_gmt":"2010-09-01t19:36:19","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=8389"},"modified":"2024-11-19t21:35:20","modified_gmt":"2024-11-20t02:35:20","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":"
\"\"<\/a>
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","protected":false},"excerpt":{"rendered":"

not quite yet, according to a new analysis by cfo magazine. but cfo says “the trend has begun to slow.” “only three of the top eight audit firms showed a drop in fees charged as a percentage of client revenue … continued<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"129943,130728,137305,137064,136876,138048","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5,2274],"tags":[4278,3958,982,4281,620,621,721,4283],"class_list":["post-8389","post","type-post","status-publish","format-standard","hentry","category-outlook","category-pricing","tag-billing-rate","tag-cpa-billing-rates","tag-fee","tag-fee-structure","tag-fees","tag-price","tag-pricing","tag-pricing-rates"],"acf":[],"yoast_head":"\nhave audit fees hit bottom? 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