The list below shows the 10 companies who pay their accountants the most, relative to the cost of auditing from the accountants.
For example, Volkswagen paid EY €19m in audit fees, but it paid EY €33m in non-audit fees (€21m for tax advisory, €7m for advice on new legal standards, and €5m for 'other assurance services').
Why should you care? We and our partners on Governance data, Minerva, worry that a firm's accountants are incorrectly incentivised when they receive much more for other services, than for reviewing and signing-off the accounts.
Call us on 020 3478 1144.