Who Audits Amazon?
Amazon is one of the largest companies in the world. Since Amazon is a retailer, they don’t have too many complex financial issues. This is why their audit fee is not that big compared to their revenues and market cap.
Ernst and Young is Amazon’s auditor.
Amazon paid EY $25.452 million in 2019 and $22.768 million in 2018.
The audit fee breaks down as follows:
2019 audit fees
$22.486 million – Audit Fees
$2.966 million – Audit related fees
0 – Tax Fees
2018 fees
20.676 million – Audit Fees
2.092 million – Audit related fees
0 – Tax Fees
| Fee Description | 2019 | 2018 |
|---|---|---|
| Audit Fees | $22.486 million | $20.676 million |
| Audit Related Fees | $2.966 million | $2.092 million |
| Tax Fees | $0 | $0 |
| Total | $25.452 million | $22.768 million |
Amazon’s Audit Committee
Thomas O Ryder – Amazon audit committee chair – 75 years old
Indra K Nooyi – Age 64, previously worked at Pepsico, she is not involved with other public companies according to the proxy statement.
Wendell P. Weeks – 60 years old – also involved with Corning and Merck
The audit committee for amazon met 6 times in the past year.