Posted on Monday, April 5th, 2010 at 7:55 pm.
According to a filing with the SEC yesterday, some former Dell employees may find themselves included in an SEC probe into accounting practices at the Austin-based computer company. The company claims that some employees engaged in fraudulent financial practices to reflect better performance than was actually achieved, forcing the company to revise it’s financial statements for 17 quarters and reducing it’s cumulative profits by $92 million.
It is essential for businesses to keep accurate records and take the proper steps to keep their financial books in order. If you would like to protect your financial security, contact Austin Accounting at 800-267-1704 today.