THIS IS A CASE STUDY ABOUT HP

On November 20, 2012, Hewlett-Packard (HP) disclosed that it discovered an accounting fraud and has written down $8.8 billion of the value of Autonomy, the British software company that it bought in 2011 for $11.1 billion, after discovering that Autonomy misrepresented its finances. In May 2012, HP had fired former Autonomy CEO, Dr. Michael Lynch, citing poor performance by his unit.

Complete Case 6-10: Autonomy.

Read the case and write an executive summary on the case, including answers to the following questions.

1. Provide a brief discussion of the auditor liabilities and the potential defenses.
2. What are the brief facts of the case that led to the investigation?
3. What duties of care, laws, or responsibilities to clients were violated?
4. What are the potential defenses available to the accountants and auditors involved in the situation?

See the Grading Rubric for Case Study Report and the Assignment Papers section in the Syllabus/Course-Specific Requirements for formatting requirements and the grading rubric for this assignment.

See the Grading Rubric for Case Study Report and the Assignment Papers section in the Syllabus/Course-Specific Requirements for formatting requirements and the grading rubric for this assignment.