Audit Analytics has released its annual Audit Fees and Non-Audit Fees Report, a seven year analysis focusing on fiscal years 2002 through 2008. The report examines the fees paid by 2,924 accelerated filers that disclosed fees in each year covered by the study.

Some highlights of the report are:

• After 4 years of steady decline from 2002 to 2006, non-audit fees as a percentage of total fees have leveled off in 2007 and 2008.
• For the third year in a row, non-audit fees represented only about 21% of the total fees paid by accelerated filers, down from 51% in 2002.
• While the total audit fees increased steadily over the period examined, audit fees as a percentage of revenue decreased since 2005 and now stand at $556 per million dollars of revenue.

The report is currently available to Audit Analytics subscribers. For more information please email us at info@auditanalytics.com or call (508) 476-7007.