HP's Autonomy write-down highlights need for forensic accounting

12/14/2012 | Business Insider

Hewlett-Packard's massive write-down related to its acquisition of Autonomy shows the reason forensic accounting should be a key part of any company's risk management, according to this article. "The historical [accounting and governance risk] ratings and risk metrics for HP and Autonomy paint a stark picture of the evolution of a man-made Black Swan anomaly fueled by greed, enabled by flawed accounting conventions and the financial community's complacency about the integrity of reported financials," the authors write.

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