Dell is delaying the filing of its fourth-quarter financial report as the PC vendor continues an internal investigation into its own accounting and financial practices. In a March 29 statement, the Round Rock, Texas, company revealed that its own internal auditing committee had found a number of accounting errors, evidence of misconduct and deficiencies in the way the company's finances were controlled.
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In Dell's defense, this is their own internal audit - not some outside agency.
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Err, this internal audit is a result of the SEC inquiring into its accounting practices.
From the article:
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Dell's internal financial problems date back to the middle of 2006, when the company first announced that the SEC had begun an inquiry into its accounting practices. Later, the company also announced that it received a subpoena from the U.S. Attorney's Office for the Southern District of New York.
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The purpose of the internal audit is, no doubt, to get an idea internally of what they've actually done, what can be proven, what can be denied, what might be possible to hide, etc.
Please do not try to paint it as upstanding American citizens just trying to do what's right.
Edited 2007-03-30 20:18
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