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 is Alibaba’s auditor?
Alibaba is audited by the Hong Kong member firm of PwC , or at least that is what the audit opinion says.
Who is Microsoft’s auditor?
Deloitte & Touche LLP audits the Company’s financial statements in accordance with generally accepted auditing standards and provides an objective, independent review of the Company’s internal controls and the fairness of its reported financial condition and results of operations.
Who is Nokia’s auditor?
The AGM elected Deloitte Oy as the auditor for Nokia for the financial year 2021. In addition, the AGM resolved that the auditor elected for 2021 be reimbursed based on the invoice of the auditor and in compliance with the purchase policy approved by the Audit Committee.
Who is called company auditor?
An auditor is a person or a firm appointed by a company to execute an audit . To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications.
Who is Netflix’s auditor?
Online video rental company Netflix dropped longtime auditor KPMG and switched to Ernst & Young .
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 Walmart’s auditor?
Ernst and Young is walmart’s auditor. Walmart paid EY $28.1 million in 2019 and $24.4million in 2018.
Does Alibaba get audited?
Who would be affected? Alibaba — by far the largest U.S.-listed Chinese corporation — for one. On a post-earnings call in May 2020, it stressed that its books are audited under U.S. standards by a major accounting house .
Does Alibaba use GAAP?
Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States, or U.S. GAAP.
What are 3 types of audits?
There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits . External audits are commonly performed by Certified Public Accounting (CPA) firms and result in an auditor’s opinion which is included in the audit report.
Who can be a auditor?
(1) A person shall be eligible for appointment as an auditor of a company only if he is a chartered accountant : Provided that a firm whereof majority of partners practising in India are qualified for appointment as aforesaid may be appointed by its firm name to be auditor of a company.
Who chooses an auditor?
The directors appoint the first auditor of the company. The members can then appoint or reappoint an auditor each year at a meeting of the company’s members. This should be done within 28 days after the directors send or should have sent the accounts to the members. This can also be done by written resolution.
Who audits Disney?
Walt Disney’s auditor, PwC , led its original financial software implementation project.
Is Netflix financially difficult?
Largely due to stalled productions during the pandemic, which typically consume the vast majority of Netflix’s capital needs, Netflix ended 2020 with $1.9 billion in free cash flow , compared to a cash deficit of $3.3 billion in 2019.
How much is Netflix overhead?
Netflix’s latest twelve months total operating expenses is $21.509 billion. Netflix’s total operating expenses for fiscal years ending December 2016 to 2020 averaged $14.291 billion .
