How much should an audit cost? That is a difficult question to answer; it’s not as simple as charging an hourly rate. There are many factors that affect the overall cost of an audit: the amount of time and labor needed to perform the audit, the complexity of the company and its financials, and the potential risk or liability a firm takes on when they provide an audit.

In this article, Audit Analytics takes a closer look at what audit fees look like across different industries within 500 large-cap U.S. companies.