AUDITOR AND AUDITOR FEE DATA
- Audit fees
- Audit related fees
- Auditor tax fees
- Other auditor fees
Fees paid to auditors can be perceived as a signal of risk and can provide some insight into companies’ financial health and complexity.
Auditors use this information to target potential audit clients and see how much they currently pay their auditors. Auditors can also use this information to benchmark their fees and see if the amounts they charge are appropriate or not.
Corporate reporting personnel can benchmark the amounts they pay their auditor and examine whether they are paying too much.
Academics and other accounting researchers can also use this data. Many academic studies include auditor fee data as controls or as dependent variables.