IBM said Tuesday that federal regulators are investigating its accounting of some of its business transactions in the United States, the United Kingdom and Ireland.
The company made the disclosure in a filing with securities regulators, saying it learned of the investigation in August. IBM said in the filing that it is cooperating with the probe, which is focused on the way the commercial technology giant reported revenue for certain transactions.
IBM declined to provide further details, but issued a statement that said it “has a rigorous and disciplined process for the preparation of its financial statements and the reporting of revenue.”
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