AIG is one of the largest companies in the world. They were the largest company in the world at one point. Now they are much smaller after the financial crisis in 2008. They are still one of the largest property and casualty insurers in the world. Financial institutions like banks have some of the most complicated accounting issues. This is why their audit fee is one of the highest in the world.
Pricewaterhousecoopers is AIG’s auditor.
AIG paid PwC $71.1 million in 2019 and $76.7 million in 2018.
The audit fee breaks down as follows:
2019 audit fees
49 million – Audit Fees
19.4 million – Audit related fees
1 million – Tax Fees
1.7 million Other Fees
Total fees – 71.1 million
53 million – Audit Fees
20.6 million – Audit related fees
1.7 million – Tax Fees
1.4 million – Other Fees
76.7 million – Total fees