Even with record volumes of audit contracts changing hands among the FTSE 250, a significant number of companies are still choosing to stick with their current auditors. But is there a sting in the fee tail as the scale of tendering and transition costs become apparent? In the annual Accountancy FTSE 250 auditors survey, Philip Smith examines the latest trends in audit fees and the lack of competition from outside the Big Four

Auditors are calling on charities to put greater investment in their own infrastructure, leadership and processes in order to maximise their impact on their beneficiaries

Despite little movement in audit fees between the last year of the outgoing auditor and the first year of an incoming auditor, firms are hiking their fees in the second year of engagement, research conducted by Accountancy shows