{ "media_type": "text", "post_content": "What percentage fee increase are you seeing on audit engagement fees from 2020 to 2021? I know the norm used to be 3% for COL (assuming no major changes at the client) but wondering if it’s higher for 2021 audits due to current inflation?", "post_id": "616896d6804da80031e58158", "reply_count": 15, "vote_count": 2, "bowl_id": "599b9d5f9970bf0010772e8d", "bowl_name": "Audit Bowl", "feed_type": "bowl" }

What percentage fee increase are you seeing on audit engagement fees from 2020 to 2021? I know the norm used to be 3% for COL (assuming no major changes at the client) but wondering if it’s higher for 2021 audits due to current inflation?

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My largest client we were able to push 8% on a $1m+ audit fee

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Given the shortage of people, pushing 8% minimum and aiming for ranges of 10-15%. Some jobs going up 20-25% or we won't do the work. Most firms are turning away work due to capacity issues

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What does the PCAOB really do anyways and, thus, what would PCAOB experience really mean?

Should have asked for 50% and settled on 10%

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We're pushing 7% through on everything, barring client specific circumstances calling for something else.

To pay Siegfried that’s all, no margin improvement guaranteed

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We’re doing 5%. It’s an easy conversation to have this year given how the cost of literally everything is going up.

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