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30 Sep 2009
Computer manufacturer Dell will bring in an accounting code of conduct after an investigation found the company may have misrepresented financial results four years ago.
The company will also fork out $1.75m (£1.1m) in legal fees as part of a settlement following a US Securities and Exchange Commission (SEC) investigation, Associated Press reports.
An investigation into Dell's accounting practices was released to the public in 2006. Following this shareholder groups filed lawsuits against the company claiming it had misrepresented the company’s financials.
The company has instituted a number of changes, including the code of conduct, and tougher corporate governance provisions.
Further reading: Dell settlement has tougher accounting oversight
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