An investigation into accounting issues is set to hamper Dell's quarterly report with the US Securities and Exchange Commission.

The Texas-based PC maker alerted the SEC to its delay in filing the first quarter of its 2008 fiscal year, in the course of a regulatory filing yesterday.

'As a part of the final phases of the investigation, the Audit Committee is in the process of reviewing each of the identified accounting errors and proposed correcting adjustments,' Dell said in its filing to the SEC yesterday.

Earlier this year, the company revealed that its Audit Committee had uncovered 'accounting errors, evidence of misconduct and deficiencies in the financial control environment,' ChannelWebNetwork reported.

There were no further details revealed about whether the company would need to restate previous financial reports.

In it's statement, the company also said: 'Upon completion of that review, the Audit Committee will evaluate the impact and nature of the errors to determine whether a restatement of any previously issued financial statements will be required. To date, the Audit Committee has not determined whether any restatements will be required, or whether any identified control deficiencies constitute material weaknesses.'

The company's preliminary financial results for its quarter that ended May 4 included revenue of $14.6bn, an increase from the $14.2bn for the year-ago quarter, and operating income of $947m, compared with $759m for the same quarter a year earlier.

Further reading:

Dell investors look beyond accounting problems

SEC launches formal investigation into Dell

Dell Delays Latest 10-Q Filing As Probe Winds Down