Autonomy Corporation Accounting Scandal

What fraud or other financial malfeasance took place?

Hewlett Packard on November 20, 2012 delivered a statement against Autonomy's unmentioned members of the previous management team accusing them of final impropriety. The shocking thing about the turn of events was that HP had accused the un-specified members of huge allegations and that too without any contact or notice to the Autonomy's CEO (Autonomy Accounts, 2012). However, all the allegations were denied by the Autonomy who during the past as the company of public had handled its finances according to the applied practices and regulations. These practices were also checked on by Deloitte LLC which is an independent auditor and it confirms the applicable procedures which were also commanded by the IFRS used in the United Kingdom (Autonomy Accounts, 2012).

A lot of spectators were shocked by the claims made by HP regarding the allegations which make...
[ View Full Essay]