Followed the conclusion of a year-long audit committee investigation,
computer giant Dell has announced that it is
to restate four years of financial results.
The investigation found that unnamed ‘senior executives’ had used improper
accounting tricks to meet quarterly performance targets.
Dell’s audit committee found evidence that the balances of certain accounts’
had been ‘reviewed, sometimes at the request or with the knowledge of senior
executives, with the goal of seeking specific individuals’.
The SEC is continuing to conduct its own
investigation into the matter.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements