Friday, July 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Windows 7 Remains The Leading Operating System
Intel President To Leave The Company
Intel Compute Stick Comes With Ubuntu
Nintendo Wants To Surpise With New NX Console
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
Hewlett-Packard Officially Files to Split
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > U.K. Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, February 11, 2013
U.K. Regulator To Probe Autonomy Finances Before HP Deal


The Financial Reporting Council (FRC) has launched an investigation into the published financial reporting of Autonomy for the period between 1 January 2009 and 30 June 2011 - before the company's acquisition by Hewlett-Packard.

Hewlett-Packard, which has acquired Autonomy, on Nov. 20 accused the company of financial misreporting. Hewlett-Packard said Autonomy booked hardware sales to appear as more profitable software, and used transactions with resellers of its software to accelerate revenue recognition or fabricate sales.

The Financial Reporting Council is probing the published accounts of Autonomy for the period between January 2009 and June 2011, the agency said in a statement today.

Former Autonomy executives said today that they "look forward" to the FRC investigation.

Last November, Deloitte LLC said that it didn't find evidence of misrepresentations or improper accounting when it last audited Autonomy's finances for the year ended Dec. 31, 2010.

The FRC will next decide whether to bring disciplinary proceedings against anyone responsible for accounting errors and the matter may ultimately be referred to a tribunal. Sanctions from the regulator can include reprimands, fines and orders to withdraw accounting's firms? licenses, according to FRC's website.


Previous
Next
Amazon Prime Instant Video To Be Online Subscription Home for CBS's Under the Dome        All News        Half of Tablet and Smartphone Users Are Using These Devices to Listen to Music
China, Russia and Ukraine Fail To Protect IP, RIAA Says     General Computing News      Australian Parliament Asks Apple, Micrsosoft And Adobe To Explain Their High Pricing Policies

Get RSS feed Easy Print E-Mail this Message

Related News
Hewlett-Packard Officially Files to Split
HP Launches New Pavilion Detachable PC and ENVY Notebooks
HP Sprout Enables Full 3D Scanning
HP Settles With Autonomy
HP's Futuristic 'Machine' Computer To Reach Software Developers Next Year
HP Reports Mixed Q2 Results
HP Partners With Chinese Tsinghua
HP Revamps Its Desktop PC Offerings, Releases New 4K Display
HP Launches Back to School PCs With Fresh Designs
HP and FireEye Announce Alliance for Incident Response and Threat Services
HP And Bang & Olufsen to Bring Premium Sound to PCs
HP Delivers Open standards-based Servers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .