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How do your company’s audit fees compare with those of other companies? This research report provides the results of the annual survey of audit fees. These results summarize the responses of executives from 87 United States publicly-held companies, 104 U.S. privately-held companies and 203 nonprofit organizations.
Audit fees paid by the 87 publicly-held companies responding to the survey for fiscal year 2013 averaged $7.1 million. This average represented an increase of 4.5 percent from the audit fees for their prior fiscal year audit.
In comparison, the total audit fees paid by the 104 privately-held companies responding to the survey averaged $174,858, an increase of 3.7 percent, and nonprofits averaging audit fees of $73,023, an increase of 1.5 percent over their prior years.