Financial Executive Institute has an executive summary of their most recent survey of audit fees – FEI Audit Fee Survey: Companies’ Audit Fees and Hours Slightly Increase in 2011.
Results from private companies is of most interest to readers of this blog:
Furthermore, private company respondents reported an average of $231,200 in 2011, a seven percent increase from the year prior.
Larger private companies (over $1B sales) increased 3% while public companies saw an increase of 5% according to the article.
This appears to be same-firm results. One of the stats, for public companies, is specifically described as same-firm, so I’m guessing that is the case for all the results.
So here are the 2011 results:
- +7% – private companies
- +3% – larger private companies
- +3% – public companies