The latest FEI Audit Fee Survey, sponsored by NYSE-Euronext, focuses on audit fees in total, not just Sarbanes-Oxley (SOx) Section 404-related fees.
FORBES: The State of Sarbanes-Oxley Compliance According To Protiviti
As such, external audit costs for SOx work by the external auditor are now typically included in the integrated audit fee shown on the proxy.
Audit thoroughness, as well as fee generation, should feature in deciding pay and promotion.
ECONOMIST: ��Errors of judgment�� are piling up at Andersen
It has been widely reported that audit committees are expecting auditors to agree to fee reductions.
FORBES: By Any Means Possible: Auditors Try To Meet Standards By Faking It
In 2010, KPMG earned approximately 10% of their total fee from GE for tax services not connected to the audit directly or indirectly.
FORBES: KPMG No Longer Loaning Tax Staff To GE
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