Below are my 3 questions for HP-Autonomy Accounting Scandal.
HP accused Autonomy for:
?1. Recorded Revenue for some licensing deals with value-added resellers, when there are no end users. Ex: MicroTech
(Here is the MicroTech/Morgan Stanley Deal with Autonomy article:?http://www.recode.net/2014/2/17/11623588/new-details-emerge-in-hp-autonomy-accounting-scandal?Can you explain in more details or more approachable language about what happened here??I still don't understand what actually happened with Autonomy and MicroTech Deal after reading this article, didn't Autonomy transfer the ownership of its products to MicroTech? ?How did this violate US GAAP specifically? And is it allowed under IFRS? )
Running head: HP- AUTONOMY ACCOUNTING SCANDAL HP-Autonomy Accounting Scandal
December 2, 2016 1 HP- AUTONOMY ACCOUNTING SCANDAL
2 HP-Autonomy Accounting...
This question was answered on: Sep 18, 2020
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