Auditing the auditors: What are companies paying for?

Mon, 23 Nov 2020

Tomorrow: Part 2 of Auditing the auditors – who has market share?New Zealand’s listed companies disclosed almost $10 million in fees paid to their auditor in non-audit fees, a major study of annual reports shows.BusinessDesk has reviewed the auditor fees of more than 120 listed companies’ annual reports to provide analysis on what fees are spent on. The review of most recent company annual reports and statements available at Oct. 7, 2020 showed $46.79 million paid to auditors, of which $3.27 million was broken out as '...

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