Friday, November 30, 2012

A Clash of Auditors in H.P. Deal and Loss -

What's next: the HP lawyer full-employment act
"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.
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.”"
A Clash of Auditors in H.P. Deal and Loss -

No comments: