"Autonomy was audited by the British arm of Deloitte. H.P., which is audited by Ernst & Young, hired KPMG to perform due diligence in connection with the acquisition — due diligence that presumably found no big problems with the books.A Clash of Auditors in H.P. Deal and Loss - NYTimes.com
That covered three of the four big firms, so it should be no surprise that the final one, PricewaterhouseCoopers, was brought in to conduct a forensic investigation after an unnamed whistle-blower told H.P. that the books were not kosher. H.P. says the PWC investigation found “serious accounting improprieties, misrepresentation and disclosure failures.”"
Friday, November 30, 2012
A Clash of Auditors in H.P. Deal and Loss - NYTimes.com
What's next: the HP lawyer full-employment act