SEC Reinstates Former Dell CAO Barred For Cooking Books

Law360, New York (December 6, 2017, 6:14 PM EST) -- The U.S. Securities and Exchange Commission on Tuesday reinstated Robert W. Davis, the former chief accounting officer at Dell who was barred in 2010 from reviewing and preparing the financial statements of public companies for cooking the computer giant’s books.

The SEC said Davis, who settled an enforcement action that accused him of materially misrepresenting Dell’s financial results by using various "cookie jar" reserves to cover shortfalls in operating results between 2002 and 2005, had complied with all of the terms of the court order that...
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