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09 Feb 2005
Section 404 on internal controls helped PricewaterhouseCoopers increase its audit revenues by a massive 134%, said the survey.
KPMG experienced 109% growth, Ernst & Young, 96% growth, while Deloitte, propping up the pack, still managed a whopping 78% growth in audit fees.
The survey, carried out by the Corporate Executive Board in December, found that the 43 companies questioned spent an average of between $5m (£2.7m) and $8m to comply with the legislation in 2004.
'We believe the overall audit fee increase is in the 80 to 100% range, with significant variation depending on the specific client and the complexity of the work,' a PwC spokesperson told The Financial Times.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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