The US computer giant said the SEC investigation was focused on its revenue recognition practices in 2000 and 2001, and dealt with ‘certain types of customer transactions.’
A spokesman for IBM said: ‘IBM believes that the investigation arises from a separate investigation by the SEC of a customer of IBM’s Retail Store Solutions unit. This unit markets and sells point-of-sale products.’
It is understood that the SEC review has been widened to include other IBM customers. It is thought that this is the first time an investigation has focused on computer equipment purchases.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars