Officials said the SEC was calling for the firm to give back audit fees that amount to less than $ 1 million a year for the licensing period.
42.
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.
43.
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 ..
44.
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 ..
45.
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.
46.
Accounting firms'ties to clients have come under close scrutiny after the collapse of Enron, which spent almost as much on consulting services sold by its auditor, Arthur Andersen, as on audit fees.
47.
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.
48.
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.
49.
But critics say accountants'desire to sell these additional services _ plus their audit fees _ make auditors less likely to raise red flags when companies use questionable financial maneuvers to appear more sound or profitable.
50.
If audit fees are too high they will price the product out of the market, and if they are too low, it is not possible to do the audit specified, and the guarantee becomes meaningless.
