Which of the following statements most accurately describes what has happened with regard to audit and non-audit fees earned by firms from the FTSE 100 between 2002 and 2017? ?
A) Audit fees have remained relatively flat while other fees have increased significantly.
B) Audit fees have increased while other fees have decreased.
C) The mix of audit fees to other fees has remained at a fairly constant ratio of 1:2.
D) Audit fees have grown but have remained lower than other fees.

Question

Quizplus · Accepted Answer

Audit fees have increased due to stricter regulations and increased scrutiny, while non-audit fees have decreased as companies aim to avoid conflicts of interest and adhere to regulatory guidelines.

Which of the Following Statements Most Accurately Describes What Has