Intel plans to change its auditors regularly

Intel is inviting the big four accounting companies to bid for its audit operations, as it plans to change its auditors regularly, after having Ernst & Young as stable auditor over the last 25 years. The decision comes in favor of a better corporate governance.

The company is aware of the risk implied by a regularly change, such as completing a proxy filing by which the audit committee decided Intel might benefit from “obtaining a 'fresh look' at [its] financial accounting and internal controls processes”.

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