Islandia, N.Y. (Feb. 9, 2004) -- Computer Associates International said that an internal re-audit is currently underway and that it is continuing to cooperate with regulators investigating accounting irregularities at the technology conglomerate, based here.
However, CA chief executive Sanjay Kumar told a gathering of analysts in New York that the company could not comment on the re-audit until it was complete.
For the past two years, both the Securities and Exchange Commission and the U.S. Attorney have been investigating accounting irregularities at CA.
Recently, former CA finance chief Lloyd Silverstein pleaded guilty to obstruction and is now cooperating with regulators. Silverstein was one of a trio of CA executives who were fired in October. The dismissals came following an internal inquiry that revealed that the disposed executives had booked revenue prior to any signed contracts.
-- WebCPA staff
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