FERFS 14th Annual Public Company Audit Fee Study Reveals Preparers and Auditors Expand Cooperation Amid Calm Period Before Turbulent Horizon Involving ESG, AI, and More
Summary
Although in-person engagement is increasing, the strong communication strategies that have been adopted, along with the available virtual collaboration platforms and other technologies, will continue to allow preparers and auditors flexibility in how they work. They will also continue to provide a broader pool of talent from which to draw, which will be critical given the challenges discussed as related to the demand and shortage for accounting personnel. As we look forward, there are numerous changes on the horizon that auditors and preparers will need to traverse including SECs rules for Climate and Cyber Security and transformative technologies. The survey was sponsored by the Center for Audit Quality (CAQ), an organization dedicated to promoting high-quality performance by U.S. public company auditors and advancing the discussion of critical issues affecting investor trust in the U.S. capital markets. FEI enhances Member professional development through peer networking, career management services, conferences, research, and publications.