Deloitte hits back in row over debacle at Autonomy
Deloitte scrambled to distance itself from the Autonomy debacle yesterday, as the auditor strongly denied any knowledge of "accounting improprieties" in the wake of Hewlett Packard's (HP) accusations against the UK software firm it bought last year.
HP, which spent $10.3bn (£6.5bn) on Autonomy, wrote off $8.8bn on the deal on Tuesday after uncovering the alleged "misrepresentations".
Meg Whitman, HP's chief executive, said: "The board relied on audited financials – audited by Deloitte – not Brand X accounting firm accounting firm, but Deloitte."
The auditor hit back yesterday, saying: "Deloitte categorically denies that it had any knowledge of any accounting misrepresentations in Autonomy's financial statements … Deloitte was not engaged by HP, or by Autonomy, to provide any due diligence in relation to the acquisition of Autonomy."
Autonomy's founder has robustly denied HP's claims, which the US giant has referred to the Serious Fraud Office.
- 1 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 2 Does the path to true love really lie in these 36 questions?
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Presidential optical illusion offers clues to how brain processes faces
- 5 Roald Dahl letter warning student to 'eschew beastly adjectives' rediscovered after 35 years
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Presidential optical illusion offers clues to how brain processes faces
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Louise Mensch says 'F**K YOU' in explosive tweets about David Cameron, Saudi Embassy and the Queen over King Abdullah tributes
iJobs Money & Business
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...