PracticeAuditE&Y takes bite out of Apple in auditor change

E&Y takes bite out of Apple in auditor change

Apple has switched auditors to Ernst & Young from KPMG, which has audited the computer giant for more than a decade

apple ipod mini

Apple said there were
no disputes with KPMG,
which has been its auditor since 1997, when filing the change at the
Securities and Exchange
Commission
. A statement said there were no disagreements ‘on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure’.

An Apple spokesman said: ‘Apple’s board recently adopted a policy to review
the appointment of its auditor every five years’. The computing giant opened the
position up to a ‘competitive process’.

The audit committee at Apple has requested that
Ernst
& Young
be named auditor for the remainder of the fiscal year ending 26
September.

E&Y was appointed with immediate effect.

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