Using our CompanyIQ SEC research database, we analyzed the annual 10-K filings of R3000 and S&P 500 companies for 2020 to 2023 to provide an overview of auditor tenure, auditor changes, auditor market share, and audit fees. A review of Russell 3000 and S&P 500 companies over the past four years indicate that they rarely…
With auditing firms proposing double digit increases due to inflation and higher labor costs, we used our CompanyIQ® Audit Fees database to review audit fees among Russell 3000 companies. Year to date, 2021 average audit fees are showing a modest 1% increase.
Audit fees are on the rise for large companies, and have been for some time, according to data from public company intelligence provider MyLogIQ. Between 2012 and 2018, the latest year for which data is available, both Russell 3000 and S&P 500 companies experienced a 24% increase in average audit fees. While inflation has occurred…
MyLogIQ’s 2018 Audit Fee Report finds that after a significant rise in public company audit fees in 2017, the growth in median fees paid fell in 2018. Using our CompanyIQ® platform, we reviewed the 2019 SEC filings (annual DEF 14A proxy statements) of some 6,100 public companies to identify their spending on auditors for the…
Financial Executives Research Foundation (FERF), the independent, non-profit research affiliate of Financial Executives International (FEI), today released the findings of its annual Audit Fee Survey Report. With audit fee data from the CompanyIQ® database, FERF’s 2017 Audit Fee Survey Report found that the rise in public company and non-profit audit fees is slowing, while private companies saw…