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How are audit fee percentages calculated and displayed?

April 26, 2017audit calculated fee percentages

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How are audit fee percentages calculated and displayed?

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Throughout this report, audit fees are presented as a percentage of companies’ total revenue. Readers should bear in mind that the decimal value is a percentage of revenue, not a ratio. For example, 0.250% of revenue is a quarter of one percent of revenue, not 25% of revenue.