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Apple Adopts New Auditors Policy

CUPERTINO, California—February 15, 2002—Apple® introduced these days that it has followed a brand new auditor coverage which bans its auditors from acting non-financial consulting, equivalent to data generation consulting and interior audit services and products.

“Our board’s audit committee has at all times been vigilant in those issues, however why no longer move a step additional and make it crystal transparent to our shareholders,” mentioned Steve Jobs, Apple’s CEO.

Apple will proceed to make use of its auditors to accomplish economic consulting in such spaces as audits of statutory filings of international subsidiaries, 401-Okay audits, SEC registrations, and tax compliance and making plans.

The Audit and Finance Committee of Apple’s Board of Administrators will proceed its present apply of reviewing the non-audit services and products that Apple’s auditors are engaged to accomplish, to make certain that the paintings does no longer compromise the auditors’ independence in acting their audit services and products.

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