homenewsreviewstalkcompare pricestalk
NEW TODAY:
NEWS Nokia reveals new 8208 and 3608 phones early    NEWS Lightscribe DVDs launch in colour   NEWS MagicBox Clarus Plus internet radio launches    NEWS Portable nail dryer launches    NEWS Palm Centro launches in blue   NEWS New 3 Skypephone to launch   NEWS Pioneer to launch Blu-ray recorders   REVIEW LG KC550 mobile phone   NEWS WEBSITE OF THE DAY - labs.ideeinc.com/multicolr                                                                           

Dell audit: 4 year's accounts revised after execs fiddled figures

Overall earnings could be reduced as much as $150 million

NEWS: 17 August 2007 9:47 GMT by Amy-Mae Elliott

Dell Inc. is going to revise four years worth of financial results following an audit of its recent accounting procedures.

The net results for the four year period could be reduced by around 1%, or by between $50 million as much as $150 million as a worst case scenario.

The audit has discovered that top Dell executives did some creative accounting in past years, changing results to meet performance targets.

Dell stated that the audit review: "identified evidence that certain adjustments appear to have been motivated by the objective of attaining financial targets".

The outcome of this process was not at bad as some analysts had predicted it could be, a US Securities and Exchange Commission is still ongoing.



disable ad
Have Your Say
(Email address will not be published)


Dell audit: 4 year
Zoom/See more images

Tags


Latest in Biz

NEWS Daily news roundup - 08/07/08
NEWS "Orwellian" net proposals pushed through by EU
NEWS EU proposes crackdown on music and movie piracy
NEWS Daily Mail admits to losing personal info for 1000s of staff
NEWS Bang & Olufsen issues profit warning

Latest on Pocket-lint.co.uk

NEWS Nokia reveals new 8208 and 3608 phones early
NEWS Lightscribe DVDs launch in colour
NEWS MagicBox Clarus Plus internet radio launches
NEWS Portable nail dryer launches
NEWS Palm Centro launches in blue




Top Stories

Holiday maker gets staggering phone bill

NEWS
Brit Gets £31,500 Phone Bill

£31,500 for downloading Prison Break

"Orwellian" net proposals pushed through by EU

NEWS
MEPs Back Net Proposals

MEPs back file-sharing fight

Ofcom says invest in next gen broadband

NEWS
Ofcom Wants Better Broadband

Including new fibre optic networks



Came straight to this page? Visit Pocket-lint.co.uk for all the latest news and reviews.

disable ad

Broadband?

Compare 50+ deals available to you

Powered by Top 10 Broadband

Who's online

1892 guests, 2 members including...

Newest reader

Peter Mckenna

Pocket-lint.co.uk poll

Q. Should Microsoft just give up on Vista?

Vote YES?
Vote NO?

LAST TIME
When asked Is Blu-ray a waste of time? 50% said yes and 50% said no


disable ad
 

Also available on

news now logo google news logo news yahoo logo

All external sites will open in a new browser. Pocket-lint.co.uk does not endorse external sites. Copyright 2003 - 2008 Pocket-Lint Ltd.

Pocket-lint sites: www.pocket-lint.co.uk | www.photographypress.co.uk | www.gamesdog.co.uk | www.megawhat.tv
disable ad