Define: Audit fees

How is Audit fees defined in a legal contract?

• Audit fees means the overall charges incurred during a single fiscal year for the professional services executed by authorized auditors to audit annual financial statements. Seen in 39 SEC filings
• Audit fees means the collective fees incurred for professional services delivered for the audit of annual financial statements and examination of interim financial statements during each fiscal year. Seen in 24 SEC filings
• Audit fees means the total charges for professional services delivered by an independent registered accounting firm for the audit of annual financial statements as well as the review of comparative interim financial statements. Seen in 22 SEC filings
• Audit fees means the overall chargesfor professional services rendered by our principal accountant for the audit of our annual financial statements or services that are regularly provided by the accountant in accordance with statutory and regulatory filings or engagements for those fiscal years. Seen in 16 SEC filings
• Audit fees means the collective charges by the issuer's auditors during the last two fiscal years for audit fees. Seen in 15 SEC filings
• Audit fees means the total fees billed for the audit of our consolidated financial statements and review of our financial reporting controls. Seen in 13 SEC filings
• Audit fees means the collective fees billed by the external auditor for audit services in the last fiscal year. Seen in 11 SEC filings
• Audit fees means the fees billed or expenses incurred for professional services rendered in connection with the annual audit and quarterly reviews of our consolidated financial statements. Seen in 11 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of audit fees' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Audit fees means the total charges incurred for professional services executed for auditing and reviewing financial statements within a fiscal year.

Relevant Contract Types

• Service Agreement
• Consulting Agreement.
• Independent Contractor Agreement
• Accounting Services Agreement

Relevant Circumstances

• When outsourcing auditing services.
• When establishing a relationship with a new independent auditor.
• When arranging for an internal audit of financial statements.

Relevant Sectors

• Accounting and Finance
• Banking and Financial Services

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Genie Definition 2

• Audit fees means the collective charges by the [auditor's name] during a fiscal year for audit services.

Relevant Contract Types

• Audit Engagement Letter
• Retainer Agreement
• Financial Services Agreement

Relevant Circumstances

• When hiring an external auditing firm.
• When amending terms with an existing auditing firm.
• During annual reviews of audit activities.

Relevant Sectors

• Corporate Sector
• Healthcare Sector
• IT Services

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