Private Company Director

Audit Fees On the Rise for Private Companies

According to a survey conducted by the Financial Executives Research Foundation, private companies reported a median increase in audit fees of 2.0% and an average rise of 2.7

The report examines responses from 220 financial executives, and audit fees reported by SEC filers of more than 7,000 organizations.

Private companies that participated in the survey paid an average of $254,740 in audit fees, with a median of $70,000.

Read details of the full report here.

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