Audit fees have skyrocketed for some small-fund managers over the past few months, as the slew of new regulations and pending litigation puts the squeeze on small shops' already stretched budgets - forcing them to consider dumping their existing auditors in favor of less expensive ones.

Those audit fees, which all mutual funds incur when they hire accounting firms to provide their SEC-mandated annual financial audits, have risen by double digits, said fund managers of single-fund or small fund complexes.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.