ISLANDIA, N.Y. — Troubled software maker Computer Associates International Inc. said that it will restate $2.2 billion in revenue that it prematurely booked during fiscal 2000 and 2001, and announced more changes to its management team.

As expected, the company — which is still under investigation for past accounting practices by the Securities and Exchange Commission and the U.S. Attorney’s Office — said that independent director Kenneth D. Cron will serve as its interim chief executive officer as the company begins its search for a replacement for Sanjay Kumar, who stepped down under pressure last week. Kumar is staying on as chief software architect. Cron, the former chief executive of Vivendi Universal SA’s games division, became a CA director in 2002.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access