IBM says SEC looking into its Irish, US and UK accounting

IBM fell to its lowest price in five years after disclosing that the US Securities and Exchange Commission is conducting an investigation related to the technology seller’s revenue recognition.

International Business Machines said on Tuesday it learned in August that the SEC is looking into the accounting treatment of certain transactions in the US, the UK and Ireland, according to a regulatory filing. Shares of the New York-based company fell four per cent ...