Reply to post: Bean Counting

In-depth: Deloitte and accounts expert both cleared what HPE described as 'contrived' Autonomy sales

a_yank_lurker

Bean Counting

The proper bean counting for a complex deal is likely to have parts that are murky at best; honest people can come to very different conclusions on how to count the beans. The real question I have is not that some of the bean counting is a mess but whether there was any real attempt to misstate Autonomy's overall financial position. From what I can understand there was no attempt to misstate. So now we are to do arguing about interpretations of accounting rules on some murky parts of various deals. Did HP overpay for Autonomy and not do proper due diligence, the answer to both is yes. But that is not the fault of Autonomy but HP under Leo the Galactic Idiot.

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