KPMG Says Meg Whitman Doesn’t Know What She’s Talking About
Earlier today we learned that the rest of the Big 4 joined in PwC's November to remember, by getting named in mega lawsuits. Good times all around. HP investors are suing, among others, KPMG for its part in allegedly missing the "accounting improprieties" that were at HP acquisition Autonomy. When HP CEO Meg Whitman had […]
Mike Lynch Would Like HP to Show Their Work
Last week, when HP announced that $5 billion of its $8.8 billion write-down was due to "serious accounting improprieties, misrepresentation and disclosure failures" at Autonomy, a lot of people were asking questions. How do the numbers work? Is HP taking a bath? Who's this Brand X accounting firm that Meg Whitman doesn't think too highly […]
This HP/Autonomy “Accounting Improprieties” Thing Hit the Big 4 Superfecta and Other Things We Learned Today
As luck would have it, we don't get to coast this Thanksgiving week as HP had to come along and screw it all up by announcing a $8.8 billion write-down, $5 billion of which is described as "serious accounting improprieties, misrepresentation and disclosure failures" at software company Autonomy, who HP acquired back in 2011. And where […]