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Keyword: deloitte

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  • Hewlett-Packard says it’s the victim of fictitious accounting at company it acquired

    11/20/2012 9:28:22 AM PST · by mojito · 41 replies
    WaPo ^ | 11/120/2012 | Unattributed
    Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were “serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC.” HP is taking an $8.8 billion charge in its latest quarter largely to align the accounting value of Autonomy with its real value. The revelation is another blow for HP, which is struggling to reinvent itself as PC and printer sales shrink. Its shares hit...
  • VIDEO: Latest voter-fraud sting nabs son of long-serving Dem congressman

    10/24/2012 11:45:55 AM PDT · by Clint N. Suhks · 9 replies
    Watchdog.org ^ | 10/24/12 | Will Swaim
    The son of a prominent Virginia congressman agreed to help an undercover reporter forge documents in what he thought was an illegal voting effort aimed at re-electing the president, a just-published video reveals. After raising legal and practical concerns, Patrick Moran, son of Virginia Democrat James Moran, encouraged the reporter to create phony utility bills that would allow others to cast multiple votes in the November 6 election. Supporters of stronger voter ID laws seized on the video as evidence of widespread corruption among liberal get-out-the-vote organizations. “What he’s doing is soliciting fraudulent voter registrations and fraudulent ballots, and that’s...
  • Occupy Wall Street protesters stay at $700-a-night hotel

    11/20/2011 5:06:44 AM PST · by Second Amendment First · 45 replies
    NY Post ^ | Nov 20, 2011 | CANDICE M. GIOVE
    Hell no, we won’t go — unless we get goose down pillows. A key Occupy Wall Street leader and another protester who leads a double life as a businessman ditched fetid tents and church basements for rooms at a luxurious hotel that promises guests can “unleash [their] inner Gordon Gekko,” The Post has learned. The $700-per-night W Hotel Downtown last week hosted both Peter Dutro, one of a select few OWS members on the powerful finance committee, and Brad Spitzer, a California-based analyst who not only secretly took part in protests during a week-long business trip but offered shelter to...
  • Deloitte: the Western governments have to be transformed

    08/25/2010 12:10:11 PM PDT · by Big Bureaucracy · 6 replies
    Big Bureaucracy ^ | August 25th, 2010 | Ellie Velinska
    The biggest auditor in the world Deloitte Touche Tohmatsu came up with opinion piece recently on how to deal with ‘The Gap’: Western societies have over-committed their current and future resources… Money has been spent that hasn’t been earned, and promises have been made that cannot be fulfilled. The Gap is popular known as 'the trillions of dollars of unfunded liabilities' in social services created over decades of piling up entitlement programs and hefty pensions and benefits. Structural changes in government and bureaucracy are needed: In a world of mobile capital, trans-border exchange, heightened competition, and exponential technological change,...
  • Foul play in Madrid skyscraper fire?

    02/19/2005 12:50:17 PM PST · by Kitten Festival · 2 replies · 320+ views
    The American Thinker ^ | Feb. 19, 2005 | Thomas Lifson
    Franco Aleman, of Barcepundit.com, provides us shocking suggestive evidence that the massive fire which destroyed a thirty-two story skyscraper in Madrid may have been the result of foul play. A videotaper caught what appears to be people with flashlights on lower floors of the building as the fire burned above. While far from conclusive evidence, this would be consistent with arsonists doing their work. The building housed the biggest accounting firm in Spain and a prestigeous law firm, so it might be a target for anti-capitalist thugs.
  • Deloitte moves on Islamic finance market

    09/09/2004 2:28:57 PM PDT · by shaggy eel · 7 replies · 556+ views
    National Business Review [New Zealand] ^ | September 10 2004 | Deborah Hill Cone
    Accounting firm Deloitte is trying to position itself to play a part in the potentially lucrative Islamic finance market ­ with the unusual selling point that "sharia-compliant" banking is not just for Muslims. There might seem to be a contradiction in a profit-driven western company such as big-four firm Deloitte embracing the devout Islamic ideology which prohibits "making money from money," since that sounds a lot like an accountant's job description. But the professional services firm's move is in line with international trends which have seen a growth in finance companies which comply with sharia or Islamic law. The boom...