■■ Do you think fee pressure is starting to have an effect on audit quality
in the industry?
1.2%
■■ In the past 12 months, has there been concern at any point on the
possible impact fee pressure was having on audit quality at your firm?
Clockwise from top:
Yes, I am worried that
fee pressure has led to
a decrease of audit quality
at some firms
Yes, there has been an effect
on quality across the board
There has been no effect on
audit quality
If fee pressure keeps increasing
there is a possibility it might
start affecting audit quality
Other
18.4%
48.8%
17.6%
SURVEY
World Survey 2014
International Accounting Bulletin
13.9%
Clockwise from top:
Yes, it is an ongoing challenge
to maintain audit quality in the
face of fee pressure
35.7%
38.5%
Yes, however this has been
dealt with
No
25.8%
Source: IAB
Source: IAB
■■ Have you changed your audit fee in the past year?
■■ Do you think the introduction of mandatory rotation would affect
audit fees?
0.5%
43% said their audit fee remained flat in the past year
27% of all respondents increased their audit fee in the past year
Clockwise from top:
Yes, it will lead to a significant
increase in fee pressure
8.7%
20.1%
35% increased it by under 3%
Yes, it will lead to a reasonable
amount of extra fee pressure
16.0%
56% by between 4% and 10%
Of these
1% over 20%
It will have some impact on fee
pressure, but not much
It will have no impact on fee
pressure
29.7%
25.1%
7% by 10% to 20%
1% other
30% said their fee has decreased
12% decreased it by under 3%
It will slightly reduce fee
pressure
Of these
It will significantly reduce fee
pressure
51% by between 4% and 10%
31% by 10% tp 20%
6% more than 20%
Source: IAB
■■ Has fee pressure decreased/increased/remained flat in the past year?
100
80
14%
10%
9%
21%
32%
13%
flat
31%
20%
30%
60
40
Decreased
Flat
87%
58%
65%
60%
50%
Increased
20
0
e
op
r
Eu
r
No
th
r
me
ica
A
ia-
As
c
if i
c
Pa
nd st
a ae Ea
r ic l
Af idd
M
tin
La
r
me
ica
A
Source: IAB
www.InternationalAccountingBulletin.com
January 2014 y 15