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Seven Habits of Effective Audit Fee Management

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Robert Herz, former Chairman of the Financial Accounting Standards Board, President of Robert H. Herz LLC and currently serving on the Workiva Board of Directors, discusses the findings of the 2015 Audit Fee Report issued in October by the Financial Executives Research Foundation (FERF), which showed median external audit fees increased by 3 percent, 3.5 percent, and 3.4 percent in 2012, 2013, and 2014, respectively, and how companies can effectively manage audit fees. NOTE: subscription to Compliance Week required for full article access


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