2024 audit fee trends: a 20-year review

In the fast-paced world of finance, understanding the dynamics of public company audit fees is essential for industry professionals. Over the years, audit fees have steadily increased due to complex regulatory requirements, business transactions and technological advancements.

Our comprehensive report sheds light on the historical and future trends affecting audit fees, providing valuable insights for business leaders, auditors and investors alike. Dive into the intricacies of this critical aspect of financial oversight and equip yourself with the knowledge to navigate these evolving challenges.

Some of the key themes that the report explores:

• Regulatory influence: Discover how regulatory changes, including significant acts and standards like the Sarbanes-Oxley Act and PCAOB standards, have shaped audit fee structures over the years.
• Technology and audit risk: Learn how advancements in technology, while streamlining processes, have introduced new risks that impact auditing procedures and fees.
• Market dynamics: Understand the effects of industry consolidation, mergers and private equity investments on audit fees, shaping the industry's financial landscape.
• Complex business operations: Examine how increasing business complexities, including international operations and SPAC audits, have influenced the allocation of audit hours and costs.