Audit Fees
Code: 5272
👁 Views: 90
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Fees for external auditors and financial statement reviewers.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 37
Provisions, Contingent Liabilities and Assets
US GAAP
ASC 720
Other Expenses
❓ Frequently Asked Questions
Q: How are annual audit fees recorded?
A: Dr. Audit Fees, Cr. Accrued Expenses or Bank.