Audit Of Apple Company

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Apple Inc. was originally established on April 1st, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, as Apple. In January 1977, the company incorporated as Apple Computer, Inc. and in 2007 renamed as Apple Inc. in March 2015, Apple Inc. (hereafter Apple) joined the Dow Jones Industrial Average. Apple is one of the biggest technology companies around the world, if not the biggest, in revenue, assets and manufacturer. According to Apple 's reports (Form 10-K), the company 's products include iPhone, iPad, Mac, operating system software, application software, different services, and other products. The company distributes and sells its products through retail stores, online stores and third parties. Apple’s current CEO is Tim Cook, who also …show more content…

Over the past years, Apple revealed hundreds cases of underage labor in her suppliers factories. The 2010 audit included 127 different facilities audits. In 10 facilities out of the 127, the audit found total of 91 cases including 60 active cases. In addition, in 1 facility the audit discovered a significant number of underage labor, a total of 42 cases, and unwillingness of the management to enforce the local law and Apple’s standards. The 2011 audit included 229 different facilities audits. In 5 facilities out of the 229, the audit found total of 19 cases including 6 active cases. The 2012 audit included 393 different facilities audits. In 11 facilities out of the 393, the audit found total of 176 cases including 106 active cases. In addition, in 1 facility the audit discovered a significant number of underage labor, a total of 74 cases. The 2013 audit included 451 different facilities audits. In 8 facilities out of the 451, the audit found total of 23 cases including 11 active cases. The 2014 audit included 633 different facilities audits. In 6 facilities out of the 633, the audit found total of 16 cases including 12 active cases. The 2015 audit included 640 different facilities audits. In 1 facility out of the 640, the audit found total of 3 new active

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