BusinessCompany NewsErrors and misconduct uncovered in Dell audit

Errors and misconduct uncovered in Dell audit

Number of accounting errors and evidence of misconduct following review

A month long internal audit at PC maker Dell
carried out by its internal audit committee has found a number of accounting
errors and evidence of misconduct following a review of previous earnings
statements.

In a statement the company said the internal audit had ‘identified a number
of accounting errors, evidence of misconduct, and deficiencies in the financial
control environment’.

The company also announced that it would miss the 18 April deadline to file
its annual report to the Securities and Exchange
Commission
– this has been delayed until the internal review is completed.

The company did not say how much longer the internal investigation would
last.

Further reading:

SEC launches formal investigation into Dell

Kodak snaps up former Dell exec

Dell delays figures due to investigation

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor