Re: Finally..
"It was about the first thing when HP started accusing Autonomy of fraud: if so, why did auditors approve?"
It's tough to find old Autonomy audit reports - I believe both the 2009 and 2010 Autonomy audit reports were delayed and losing an audit partner between those was suspicious.
BUT this ignores the fact HP used the services of KPMG to audit Autonomy and find accounting or potential issues with the acquisition of Autonomy and ignored them.
HP paid a significant premium (80%) over the market price for Autonomy, failed to carry out due diligence, didn't appear to justify their reasons for the acquisition and have stumbled upon poor accounting practices to deflect the blame.
Lynch and Hussain may have committed fraud, but the scale of that fraud was tens of millions. HPs board appear to have got away with doing the same with billions of dollars.
Biting the hand that feeds IT
