Ernst & Young has been Facebook’s auditor since they went public in 2007
As you can see, the fee is relatively low similar to what Amazon pays
Fees aren’t necessarily based on the size of the company
They are based on the complexity of the audit
You can see that EY has a sizable fee related to tax projects on Facebook
“This audit is illuminating,” said Muslim Advocates Executive Director Farhana Khera, who had previously called for the report’s release, “but it is ultimately meaningless if Facebook does not agree to take dramatic and substantial steps to address the many failures outlined in the report
E&Y has been Amazon’s auditor since their IPO in 1997
As you can see the fees that EY receives from Amazon are relatively low compared to other companies above
Amazon only paid EY a little over $12 million for their recent audit and consulting services
That is astonishingly lowFacebook is the world’s largest social network
Facebook agreed to undertake the audit and make the reports public after significant pressure from activist groups
“Elevating free expression is a good thing, but it should apply to everyone
” In the final report, the auditors give Facebook credit for expanding policies against voter suppression and census interference
For example, the FTC redacted the number of Facebook documents the auditor reviewed
The FTC also withheld the entirety of more than half of the report, including the final 83 pages
The regulator said it will not release any further material
“This audit is illuminating,” said Muslim Advocates Executive Director Farhana Khera, who had previously called for the report’s release, “but it is ultimately meaningless if Facebook does not agree to take dramatic and substantial steps to address the many failures outlined in the report
Facebook agreed to undertake the audit and make the reports public after significant pressure from activist groups
“Elevating free expression is a good thing, but it should apply to everyone
” In the final report, the auditors give Facebook credit for expanding policies against voter suppression and census interference
