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Dell audit: 4 year's accounts revised after execs fiddled figures

Overall earnings could be reduced as much as $150 million

17 August 2007 9:47 GMT / By Amy-Mae Elliott

Dell Inc. is going to revise four years worth of financial results following an audit of its recent accounting procedures.

The net results for the four year period could be reduced by around 1%, or by between $50 million as much as $150 million as a worst case scenario.

The audit has discovered that top Dell executives did some creative accounting in past years, changing results to meet performance targets.

Dell stated that the audit review: "identified evidence that certain adjustments appear to have been motivated by the objective of attaining financial targets".

The outcome of this process was not at bad as some analysts had predicted it could be, a US Securities and Exchange Commission is still ongoing.

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