Ernst & Young has been hired to replace KPMG as auditor of Apple, the computer manufacturer. KPMG had been the company’s independent registered accounting firm since 1997, CNNMoney.com reports, but Apple has a policy of reviewing its accounting firm every five years.
Who does accounting for Apple?
Luca Maestri is Apple’s senior vice president and chief financial officer reporting to CEO Tim Cook. As CFO, Luca oversees the accounting, business support, financial planning and analysis, treasury, real estate, investor relations, internal audit and tax functions at Apple.
Who is Microsoft’s auditor?
Microsoft’s independent auditor, Deloitte & Touche, is responsible for performing an independent audit of the consolidated financial statements and expressing an opinion on the conformity of those financial statements with accounting principles generally accepted in the United States (“GAAP”).
Who is Coca Cola’s auditor?
Ernst & Young
Coca-Cola Inc. has a long and strong relationship with its auditor, Ernst & Young.
Who are KPMG’s biggest clients?
KPMG Clients 2020
- Accenture. KPMG is the auditor of Accenture.
- Halliburton. Halliburton is one of the largest oil services firm.
- Citigroup. Citigroup is one of the largest banks in the world.
- General Electric. General Electric has a market capitalization of about $95.5 billion.
- Deutsche Bank.
- Wells Fargo.
- Pepsico.
- ING Group.
What are Apple employees called?
Geniuses
The Genius Training Student Workbook is Apple’s employee training manual for Apple Store tech-support employees, called Geniuses.
Who is Starbucks auditor?
As more fully described in the Charter, the Audit Committee is responsible for overseeing the Company’s accounting and financial reporting processes, including the quarterly review and the annual audit of the Company’s consolidated financial statements by Deloitte & Touche LLP (“Deloitte”), the Company’s independent …
Who is Netflix’s auditor?
Online video rental company Netflix dropped longtime auditor KPMG and switched to Ernst & Young.
Who is the new auditor for Apple Inc?
Apple Hires Ernst & Young to Replace KPMG as Auditor. Apple Inc. said it hired Ernst & Young LLP to replace KPMG LLP, which had been the computer maker’s independent registered public accounting firm since fiscal 1997. Ernst & Young was hired Thursday and will be Apple’s auditor through the end of the fiscal year on Sept. 26.
When did Ernst and young take over audit of Apple?
Ernst and Young took over the audit of Apple back in 2009 after a competitive bidding process. Prior to that, KPMG was the auditor of Apple. Apple said they didn’t change auditors because of a disagreement.
How often does Apple have to hire an auditor?
The company’s audit committee hires its auditor on an annual basis. Apple, which also makes iPod digital-music players and iPhones, last autumn adopted a policy of reviewing its accounting firm every five years, said spokesman Steve Dowling.
Who is the Chief Financial Officer of Apple?
As CFO, Luca oversees the accounting, business support, financial planning and analysis, treasury, real estate, investor relations, internal audit and tax functions at Apple. Luca joined Apple in 2013 as vice president of Finance and corporate controller, and has worked closely with Apple’s senior leadership since his arrival.
