How much does an audit cost?
Audit fees for Canadian companies scale with revenue, industry risk, framework, and complexity. Enter your details for a benchmark range in seconds — and see the specific drivers pushing your fee up or down. Built on public-company audit data.
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Frequently asked questions
How much does a financial statement audit cost in Canada?
For Canadian public companies, audit fees typically scale with revenue, industry risk, and complexity. A small TSX-V issuer under $10M revenue often lands in the low tens of thousands; mid-cap reporting issuers ($50–200M) commonly run into the low hundreds of thousands; large multi-entity groups can exceed $1M. The calculator on this page gives a benchmark range from these drivers.
What makes an audit more expensive?
The biggest fee drivers are: first-year audits (opening balances, no prior knowledge), ICFR / NI 52-109 scope, complex estimates (ECL, fair value, impairment), multiple legal entities and locations, acquisitions in the period, and higher-risk industries like financial services, mining, and cannabis. Reducing readiness gaps before fieldwork is the main lever a company controls.
Is this estimate a quote?
No. It is an illustrative benchmark range derived from public-company audit data, meant to help you budget and understand the drivers. Your actual fee is set by your audit firm based on your specific file, risk profile, and scope. Auditus.ai does not perform your audit or guarantee a fee.
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