Deals
Deloitte Found No Errors in Autonomy Books Before HP Deal
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Deloitte LLC said that it didn’t find any evidence of improper accounting methods or misrepresentations when it last looked at Autonomy Corp.’s finances before Hewlett-Packard Co. bought the software company.
The denial comes after Hewlett-Packard Chief Executive Officer Meg Whitman yesterday said the company had relied on financial statements audited by Deloitte to make the decision to buy Autonomy for $10.3 billion last year. Whitman accused Autonomy’s former management team of inflating the company’s financial value ahead of the acquisition, contributing to an $8.8 billion writedown.