Audit firms have never had it so good according research by US corporate
governance think tank the Corporate Library.
The research, which the body claims is the ‘most extensive study of the audit
industry ever published’, found that audit fees at the world’s leading audit
firms climbed by 345% in the five years since 2001.
The think tank based its findings on a study of 100 audit firms and 1300
companies, the FT reports.
The rapid rise in earnings was attributed to Sarbanes-Oxley, but the research
said that there had also been a ‘revolution’ in the type of service provided by
accounting firms, which now included many more audit-related offerings and
drove the fee income growth.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day