Here’s How Much Audit Fees Have Increased in the Last Twenty Years Making Us Wonder Why Salaries Didn’t Do the Same
Going Concern
AUGUST 2, 2023
In response to these changes, auditors are required to implement new procedures to determine if the companies’ new policies adequately meet the standards. Increases in audit complexity resulted in additional effort from external auditors. Higher-risk audits require more auditor resources (hours, personnel, specialists, etc.)
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