A survey of public company filings has revealed that the spike in audit fees under the early years of Sarbanes-Oxley may really have been temporary, though fees did increase in 2005.
An analysis of 22 Dow Jones Industrial Average component companies that filed proxy statements last week revealed that total audit fee payments were up 2.8 percent in 2005, to just over $540 million, The Wall Street Journal reported. The industrial average is a sample of 30 large public companies.
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