A recent comparative analysis of audit fees between Germany and France shows that companies with joint audit pay significantly less for their audit than companies without joint audit.
32.
"If you're seeing very high non-audit fees, you just might want to comb through those financial statements one more time ."
33.
In 2009-10 the Commission cost the central government ?8m to run, with the remainder of its income coming from audit fees charged to local public bodies.
34.
Andersen collected audit fees of $ 25 million from Enron, its second-biggest client, last year, but it earned even more for consulting and other work.
35.
At Mirant, Southern Co .'s energy trading spinoff, Arthur Andersen's $ 11.3 million non-audit fees were five times larger than the audit bill.
36.
Enron's records show that Andersen billed Enron $ 5.7 million for advice in connection with the LJM and Chewco transactions alone, above and beyond its regular audit fees ..
37.
Likewise, research by Nelson's group showed that " the more you pay for audit fees, the less likely you are to have managed income, " said Nelson.
38.
Because directors can impose tight deadlines, negotiate low audit fees or perhaps threaten to nominate another auditor to shareholders it could be argued that auditors are not truly independent within the United Kingdom.
39.
Although the great majority of auditors are not willing to jeopardize their profession and reputation for guaranteed audit fees, there are some that will issue opinions solely based on obtaining or maintaining audit engagements.
40.
Under these transitional arrangements, the company is responsible for appointing auditors to local government, NHS bodies, for setting audit fees and for making arrangements for the certification of housing benefit subsidy claims.
