Auditors lose on non-audit

Non-audit fees, expressed as a percentage of audit fees, decreased from 83%
in 2005 to 69% in 2006, the survey of 62 FTSE companies found.

The trend to award auditors less non-audit work has been familiar to the
profession for some time, but there have been few concrete figures. Companies
including Shell have openly endorsed the move.

KPMG’s Richard Bennison said he was surprised: ‘We find that audit committees
are becoming more confident in using auditors for certain aspects of non-audit

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