The review of Autonomy's 2010 and 2011 financials shows for the first time the scope of the software company's accounting tricks. HP's late-2012 discovery of Autonomy's accounting missteps in part led to a massive $8.8 billion writedown of the company. Current CEO Meg Whitman said in November 2012 that a senior Autonomy manager came forward with the damning details shortly after Autonomy co-founder Mike Lynch left the company. He believes HP is simply accounting for certain items differently than Autonomy did when it was a private company.
Source: CNN
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