Computer maker Dell said its audit committee has finished its investigation into the company's accounting and financial reporting issues and has identified significant errors and irregularities.

The finding has prompted Dell to restate its financial results for fiscal 2003, 2004, 2005, 2006 and the first quarter of fiscal 2007, reducing net income by a cumulative total of between $50 million and $150 million. Earnings per share would also be reduced by $0.02 to $0.07.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access