Dell employees accused of cookie jar accounting

Two accountants from computer manufacturer Dell were accused of keeping ‘cookie jar’ reserves to cover shortcomings in financial performance.

Former chief accounting officer Robert Davis and former assistant controller Randall Imhoff were accused of manipulating financial statements to meet earnings targets in a statement released by the US Securities and Exchanges Commission, Reuters news agency reports.

Previously the computer manufacturer paid $100m (£65m) to settle a case by the SEC accusing it of using hidden payments from Intel Corp.

Further reading:

U.S. SEC sues ex-Dell accountants over fraud