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Autonomy Corporation

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile3 entries

  1. 2020

    Deloitte audit-failure sanction

    Deloitte was fined £15 million over serious and repeated failures in audits of Autonomy conducted between 2009 and 2011.

    Source

  2. 2020

    Deloitte fined over Autonomy audit failings

    Fine or penalty

    The Financial Reporting Council fined Deloitte £15m and reprimanded it over failings in its audits of Autonomy between January 2009 and June 2011. Deloitte said it regretted the tribunal's ruling that aspects of its audit work fell below required professional standards.

    Company response

    • Clarification — Deloitte

      Deloitte said it regretted that the FRC tribunal ruled that aspects of its audit work on Autonomy fell below professional standards required.

    Source excerpt

    • The FRC’s tribunal found that Deloitte, Knights and to a lesser extent Mercer were culpable of serious and serial failures in discharge of this public interest duty.
    • The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners Thursday for their audits of the software company Autonomy prior to its acquisition by Hewlett-Packard, fining the firm a record penalty of £15 million ($19.4 million).
    • The tribunal made a number of findings of misconduct, saying Knights, and therefore Deloitte, were liable for failures to act with integrity and objectivity, and that they failed to act with competence, due care and professional skepticism.
    Source

  3. 2012

    HP accounting-impairment controversy

    HP announced an US$8.8 billion impairment connected to its Autonomy acquisition and alleged serious accounting improprieties and misrepresentations by former management. Former Autonomy executives denied the allegations and blamed HP’s valuation, integration and management of the business.

    Source