SEC says Dell manipulated reserves including a so-called Strat Fund and other corporate contingency funds. Dell’s EMEA unit reported eight quarters in a row of increasing operating income. Dell admitted to no wrongdoing in the settlement, but the SEC goes into much more detail. Dell announced in 2007 that it was moving on its own to review accounting procedures and restate financial reports. Such practices are not relegated to IT, but other tech tech companies have been accused of similar practices, experts say. In the past year, the SEC filed a complaint and proposed settlement with voting machine maker Diebold.”]
Source: https://www.csoonline.com/article/2125564/wall-street-beat–dell-case-serves-as-cautionary-tale.html