The audit fee paid out by companies whose equity shares were listed on the National Stock Exchange (NSE) was Rs 1,738 crore in financial year 2022-23 (FY23) on a standalone basis, 6.10 per cent higher than Rs 1,638 crore paid in the previous year, according to data shared by primeinfobase.com.
Out of the total, the global Big Four had a 27 per cent share of the audit fees with the EY Group leading at Rs 145.44 crore. It was followed by the KPMG Group at Rs 135.65 crore and the Deloitte Group at Rs 134.14 crore.
The Price Waterhouse Group and Grant Thornton Group stood at fourth and fifth places with a share of Rs 61.26 crore and Rs 56.56 crore respectively.
The average audit fee in India was Rs 0.93 crore per company in FY23, up from Rs 0.91 crore in FY22. The audit fee paid by companies for 2023-24 is not yet available in the public domain.