Tag archive: audit

U.S. computer maker Dell has announced it will restate more than $92 million it reported in net income over between 2003 and 2006, along with the first quarter of 2007. The announcement comes two months after an internal audit found company executives had altered come quarterly financial numbers to make the company's books look better than they were—and thus meet Wall Street earnings expectations. Dell plans to file several… Read More

Computer maker Dell has announced the results of its year-long audit into its much-publicized accounting problems, and the results don't show the company in a kind light. The company says it will be restating its earnings for its 2003 through 2006 fiscal years, and says its net income for that period will go down by anywhere from $50 to $150 million. The largest hits will come during the first fiscal quarter of 2003 and the second… Read More