Audit Cost Control: Do You Manage a Medium-Sized Firm with Modest Foreign Operations? Mike Moulder Argues That You May be Paying Too Much to Auditors (Technical Matters‪)‬

There is a problem with the structure of the Big Four auditing firms and their market. Their resources are geared mainly to satisfying the demands of multinational corporations, which are their main source of revenue. But this means that the Big Four offer smaller companies the same kind of service, even though this may not be appropriate. A one-size-fits-all solution is inappropriate when you are, say, providing annual financial information to shareholders. This is only one example, but if you consider how that information is derived you can immediately understand why the costs are excessive for smaller companies: the method used is too elaborate and follows the same processes used for multinationals.