How can anyone not notice that there's £27000000 less in the bank account, than is being displayed in Quickbooks?
Tech distie Tech Data tears up last THREE years of profit numbers
IT distribution giant Tech Data has ripped up its financial results for the last three years after discovering errors in its UK subsidiary's accounts. The company revealed this morning it will recalculate the figures and publish new reports as a result of uncovering mistakes in "vendor accounting" by its Brit biz Computer 2000 …
-
Friday 22nd March 2013 11:31 GMT jai
how come...
...no one ever makes these kinds of mistakes the other way round, do they?
You never hear about someone miscalculating and suddenly discovering they've made 21 million more than they thought.
is that just Murphy's Law in action? or skulduggery afoot because the bean counters were hoping the numbers would come right before they had to fess up to their error?
-
Friday 22nd March 2013 20:37 GMT James 100
Big mistake?
"whoops, we lost £21m down the sofa" ... I can imagine getting 10k, maybe even 100k adrift on a big company (depreciation calculations, things like that) - but even on an NHS/government scale, £21m is a big accounting hole to explain.
I got quite worked up enough when the last quarter was about £300 out (couple of misplaced expenses forms)!