Consulting firm BearingPoint Inc., a spinoff of KPMG's former consulting business, said that it will be unable to file its third-quarter financial report by a deadline set this week by the Securities and Exchange Commission.

Delays in reviewing its accounting for the past two years have been worsened by a need to compensate for material weaknesses in the company's internal controls, and BearingPoint has said that its accounting errors could stretch as far back as 2003.

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