Autonomy auditor says it found nothing to justify HP’s fraud allegations

HP Autonomy Scandal

Congratulations, HP (HPQ) — this is the most interesting you’ve been in years! The New York Times reports that Deloitte, the firm whose work auditing software company Autonomy was cited by HP CEO Meg Whitman on Tuesday to justify fraud allegations, is denying that it ever found any scrap of evidence to indicate Autonomy had cooked its books. The company specifically said that it conducted its “audit work in full compliance with regulation and professional standards” and “categorically denies that it had any knowledge of any accounting improprieties or misrepresentations in Autonomy’s financial statements.” Whitman on Tuesday said that she didn’t blame Deloitte for not reporting Autonomy’s alleged fraud because it was hard to detect and HP only discovered it “after someone came forward to point us in the right direction.”

Source:
New York Times
blog comments powered by Disqus