Dewmar International BMC Inc (DEWM)

[NoMoDo]

I don't have time to find a more recent response... this is from 2015 about 2014 costs. Sarbanes Oxley raised auditing costs tremendously, but also exposed flaws in the company. Dodd Frank more recently added tremendous costs as well.

Median Audit Fees
2011 - $246,000
2012 - $263,634
2013 - $309,441
2014 - $402,812

Now DEWM is not a large company, but there is a wide variety of businesses included: manufacturing, retail, restaurant (service), real estate holdings, agriculture... This adds to the complexity of an audit. Also, as they were not audited before, the entire system of operations will be studied.

Audit fees paid by the 7,071 unique filers for 2014 averaged $1.5 million and had a median of $402,812. Based on amounts reported by this population of filers, their total average percentage increase in audit fees was 30.9 percent with a median percentage change of 3.4 percent.
The median audit fee change by filer status was highest for large accelerated and accelerated filers at 4.3 percent. This was followed by non-accelerated filers at 4 percent and smaller reporting companies at 2.3 percent. The Agriculture, Forestry, and Fishing industry also experienced the highest median audit fee change at 6.2 percent, which was followed by retail trade at 5 percent.