Dell brings in accounting ethics code

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)
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:
settlement has tougher accounting oversight

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