Saturday November 28, 2020

HP dismisses Autonomy response as "patently ridiculous"

Hewlett Packard has disputed a claim by former executives of Autonomy that the accounting row that embroiled the company a year ago was due to a misunderstanding of accounting rules.

7th January, 2014
Mike Lynch.

Hewlett Packard has disputed a claim by former executives of Autonomy that the accounting row that embroiled the company a year ago was due to a misunderstanding of differences in international and US accounting rules.

Autonomy financial reporting in the years leading up to Hewlett-Packard’s acquisition of the company in 2011 is being investigated by regulators. HP claims Autonomy’s accounting improprieties, disclosure failures and misrepresentations contributed to an $8.8 billion writedown that the tech giant...

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