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”.
