An informal survey of Financial Executives International members showed that companies expect their annual audit fees to increase by an average of 35 percent in order to cover required 404 attestations.

Though the numbers came from an unscientific sampling of under 100 executives, they were actually within the range of a Foley Lardner study covered in our April 29th edition.

That study expected audit fees to increase from 27 percent to 35 percent, depending on company size.

The FEI companies surveyed, all with revenue exceeding $3 billion, also expected additional spending of nearly $500,000 for related 404 services, including IT consulting, evaluation software, and employee training.

Data from the FEI study is available in Excel spreadsheet format, below:

  Click Here To Download The Survey Results (Excel Spreadsheet)

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