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PayPal | DEF 14A: Definitive information statements

SEC announcement ·  Apr 10 04:50
Summary by Futu AI
PayPal Holdings, Inc. (PayPal) has announced the appointment of PricewaterhouseCoopers LLP (PwC) as its independent auditor for the fiscal year 2024. The Audit and Risk Committee (ARC) of PayPal's Board of Directors, which is responsible for the appointment, compensation, retention, and oversight of the company's independent auditor, has made this decision. The ARC Committee believes that the continued retention of PwC is in the best interests of PayPal and its shareholders. PwC has served as the independent auditor for PayPal since it became an independent public company in July 2015. The Board is asking shareholders to ratify the selection of PwC at the upcoming annual meeting. If shareholders do not ratify the appointment, the ARC Committee will reconsider the appointment of the independent auditor. The announcement also includes information about the fees for services provided by PwC for the fiscal year 2023, which totaled $16,821,000, covering audit fees, audit-related fees, tax fees, and all other fees.
PayPal Holdings, Inc. (PayPal) has announced the appointment of PricewaterhouseCoopers LLP (PwC) as its independent auditor for the fiscal year 2024. The Audit and Risk Committee (ARC) of PayPal's Board of Directors, which is responsible for the appointment, compensation, retention, and oversight of the company's independent auditor, has made this decision. The ARC Committee believes that the continued retention of PwC is in the best interests of PayPal and its shareholders. PwC has served as the independent auditor for PayPal since it became an independent public company in July 2015. The Board is asking shareholders to ratify the selection of PwC at the upcoming annual meeting. If shareholders do not ratify the appointment, the ARC Committee will reconsider the appointment of the independent auditor. The announcement also includes information about the fees for services provided by PwC for the fiscal year 2023, which totaled $16,821,000, covering audit fees, audit-related fees, tax fees, and all other fees.
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