Apple Inc. (NASDAQ: AAPL) has taken an interesting action. It could be a completely harmless one, but in today’s climate it could raise some eyebrows. The company has changed auditors.
Apple’s Audit and Finance Committee of its Board of Directors conducted a competitive process to select a firm for the remainder of fiscal 2009. The company reviews its auditors every five years.
After a competitive review, Apple hired Ernst & Young LLP for the remainder of the fiscal year ending September 26, 2009. It has dismissed KPMG from that role.
Apple also noted that KPMG’s audit reports did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
Here is the full filing containing the rest of the language.
Jon C. Ogg
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.