In situations where other auditors are involved in the delivery of services, to what extent should the fees from the other auditors be included in the required fee disclosures?
Only the fees billed by the principal accountant need to be disclosed. See Question 4 regarding the definition of “principal accountant.” If the principal accountant’s billings or expected billings include fees for the work performed by others (such as where the principal accountant hires someone else to perform part of the work), then such fees should be included in the fees disclosed for the principal accountant. In some foreign jurisdictions a registrant may be required to have a joint audit requiring both accountants to issue an audit report for the same fiscal year. In these circumstances, fees for each accountant should be separately disclosed as they are both “principal accountants.
