In the seventh annual audit fees survey by Financial Director magazine, which for the first time was expanded to include the FTSE250, the Big Four audited all but eight of the FTSE350.
The survey also found that there had been a decline in the amount of money spent on non-audit services, not surprising given the Enron-fuelled obsession with auditor independence.
It also revealed a much greater degree of transparency and disclosure in the notes on audit and non-audit fees.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester