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Sarbanes-Oxley News & Developments
Computer Associates Offers Settlement'Add another zero and this becomes a serious offer,' says one observer.
> > Computer Associates International offered to pay $10 million to settle federal accounting and obstruction investigations, according to published reports. The government has not yet responded.
Computer Associates also announced that beginning in the 2nd quarter of fiscal 2005, it will change the way it accounts for revenue from sales through partner companies. This will result in a reduction in its previously released earnings per share guidance for fiscal 2005 by 13 cents a share.
Source: CFO
Published:2004-05-27
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