DETROIT -- Delphi Chief Financial Officer Alan Dawes quit under pressure Friday.
The Delphi board's audit committee said it launched a review of how North America's No. 1 supplier accounted for expenses in its Information Technology department.
In an 8K report filed Friday with the US Securities and Exchange Commission, Delphi said it may have overstated cash flow in 2000 by $200 million (E152 million) and 2001 pre-tax earnings by $61 million.
The board said it will have to restate its earnings reports since 2001 and may yet find other improprieties.
The flap comes a week after Delphi CEO J.T. Battenberg III, 61, announced he was retiring later this year. Dawes was considered a candidate to replace Battenberg before the audit committee said it had lost confidence in him.