| 11. | Companies that paid higher audit fees were more likely to get an adverse opinion, DeFond's team concluded.
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| 12. | Fees for tax advice contributed about 23 percent of revenue, and audit fees accounted for about 40 percent of revenue.
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| 13. | Audit fees, which typically account for about half the revenue of the big accounting firms, rose just 7 percent.
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| 14. | Today the ratio of consulting fees to audit fees paid by a client to its auditor is approximately three to one.
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| 15. | If non-audit fees are substantial in retaliation to audit fees suspicions will arise that auditing standards may be compromised.
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| 16. | If non-audit fees are substantial in retaliation to audit fees suspicions will arise that auditing standards may be compromised.
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| 17. | Aquila paid Andersen $ 2.4 million in audit fees and $ 15.6 million for other services last year.
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| 18. | The Commission estimated that audit fee savings at'up to 40 %'will arise as a result of these arrangements.
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| 19. | Critics say accounting firms are compromised because they make more money doing consulting work for their clients than they collect in audit fees.
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| 20. | The benefits of a pre-preferred bidder review is that it should lead to a reduced model audit fee at financial close.
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