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The following table presents the audit fees Flagstar to Baker Tilly and PriceWaterhouseCoopers for the respective fiscal years (obtained from Form DEF 14A filings): Fiscal
The following table presents the audit fees Flagstar to Baker Tilly and PriceWaterhouseCoopers for the respective fiscal years (obtained from Form DEF 14A filings):
Fiscal Year | Baker Tilly | PriceWaterhouseCoopers |
2013 | 1,415,228 | |
2014 | 1,703,851 | |
2015 | 1,049,743 | 3,042,951 |
2016 | 0 | 3,040,403 |
The fees paid to PriceWaterhouseCoopers far exceed the fees paid to Baker Tilly. Why would PriceWaterhouseCoopers command such higher fees? Why would Flagstar be willing to pay such higher fees to PriceWaterhouseCoopers?
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