Question:Autonomy was acquired by Hewlett-Packard (HP) in October 2011. The deal valued Autonomy at$11.7 billion (£7.4 billion). Within a year, HP had written off $8.8 billion of Autonomy's value.With reference to the relevant and appropriate accounting theory, you are required to identifyand critically discuss the main accounting issues relating to this scandal.Word limit (excluding tables, charts, references and appendices): 1,400 - 1700 words.Style and FormatStyle : ReportFont size : 12 (preferably Arial)Line spacing : 1.5 linesReferences : Harvard style