Autonomy was acquired by Hewlett-Packard (HP) in October 2011. The deal valued Autonomy at $11.7...
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Accounting
Autonomy was acquired by Hewlett-Packard (HP) in October 2011. The deal valued Autonomy at $11.7 billion (7.4 billion). Within a year, HP had written off $8.8 billion of Autonomy's value. With reference to the relevant and appropriate accounting theory, you are required to identify and critically discuss the main financial accounting issues relating to this scandal.
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