An audit fee expense will most likely be found in the statement of financial performance for a:

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Quizplus · Accepted Answer

Audit fees are typically incurred by companies as they are required to have their financial statements audited by a third-party auditor. Therefore, the statement of financial performance for a company is most likely to include an audit fee expense. Sole proprietorships and partnerships do not have mandatory audit requirements, so it is less likely for an audit fee expense to be found in their financial statements.

An Audit Fee Expense Will Most Likely Be Found in the Statement