Accounting differences, not fraud, led to HP's Autonomy write-down, says Lynch

Autonomy founder Mike Lynch says he has obtained a Hewlett-Packard document that shows how differences in accounting standards, not fraud on Autonomy’s part, are to blame for the debacle surrounding HP’s acquisition of the company.HP purchased Autonomy for US$11.1 billion in 2011. A year later HP announced an $8.8 billion write-down and attributed $5.5 billion of that loss to accounting fraud at Autonomy before the sale.Lynch made the claim about accounting standards Tuesday in a blog pos