[pisarzp]

I agree. This story is quite hard to believe... Nobody spends $12bn without looking carefully into the books. There always is a long and thorough Due Diligence process on transactions like this one. Investment bankers, lawyers and accountants get get their fees mainly for going through every single document in the company...

[chucknelson]

Apparently Deloitte was supposed to do this, with KPMG as a safety net. It took a third (and also expensive) consulting firm (PwC) to notice issues.

I wonder if there will be any client fallout at either Deloitte or KPMG for this. Probably not...

Maybe HP is just trying to blame it on them? Who knows!