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Apple, Dell and More: 10 Accounting Slips To Avoid

Many companies throughout the IT industry grapple with earnings restatements, late SEC filings and other related challenges. Here is a look at accounting stories you should know about, as part of your due diligence:

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Dell recently announced it was restating several years' worth of earnings and reducing its aggregate profit during that time by $98 million -- the result of fraudulent accounting and financial reporting between 2003 and 2006. Michael Dell, the company's founder, chairman and CEO, has said he knew nothing about the misconduct while it was going on.

To date, Dell has not said precisely which of its senior executives took part in the misconduct, but the SEC and the U.S. Attorney for the Southern District of New York continue their own investigations.

 
 
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