The company announced that it would miss the 18 April deadline to file its
annual report to the Securities and Exchange Commission, while its internal
review is completed.
The month long audit at the PC-maker is being carried out by its internal
audit committee and has already found a number of inconsistencies following a
review of previous earnings statements.
Dell said the internal audit had identified a number of ‘accounting errors,
evidence of misconduct, and deficiencies in the financial control environment’.
Thomas W Luce III, chair of Dell’s audit committee, said: ‘As we move toward
the conclusion of our investigation, we are committing the time and resources
required to ensure a thorough and comprehensive review and resolution of all
identified issues and the implementation of appropriate remedial measures.’
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