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Discover LudwigThe phrase "audit fees" is correct and usable in written English.
It can be used when discussing the costs associated with conducting an audit, typically in a financial or business context.
Example: "The company allocated a budget for audit fees to ensure compliance with regulatory standards."
Alternatives: "audit costs" or "audit charges".
Exact(58)
Auditors are being more thorough, and audit fees are rising.
One clear result is that audit fees must be raised.
The company reckoned that the switch could cut its audit fees by 25-50%.
Last year, it paid PricewaterhouseCoopers $2.8 million in audit fees and $12.9 million in tax fees.
Audit fees must also be increased to offset the loss of higher-margin consulting services.
Here are the biggest corporate audit fees, as compiled by AuditAnalytics.com.com
Nonauditing fees exceeded $4 billion last year, while audit fees totaled $1.58 billion.
Between 1991 and 1997, Waste Management paid Andersen $7.5m in audit fees and $11.8m in other fees.
"One of the realities we're facing here is that audit fees are going to go up," Mr. Foye said.
PwC received £2m in audit fees over the critical six years of BHS's decline, plus £9m for "consultancy".
Similar(1)
At the time, KPMG were auditors and tax advisers to P&O, receiving £5.2m in fees during 2004, including £2.8m in tax work and other non-audit fees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com