The IA announces the end of audit fee inflation
Company audit fees rose by less than 2% last year, broadly in line with inflation.
Audit fees for companies increased by less than 2% last year, roughly in line with inflation. This is a departure from the typical annual increases of 4-5% seen in previous years. The 100 largest listed companies in London saw audit fees rise by 75% over the five years prior to 2023. AstraZeneca, the largest UK company by market capitalization, paid $34 million in audit fees and related services last year, a more than 6% increase.
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