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CA files FY 2005 annual report on form 10-k with Securities and Exchange Commission affirms guidance for Q1 FY 2006.

Publication: M2 Presswire
Publication Date: 30-JUN-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 June 2005-Computer Associates: CA files FY 2005 annual report on form 10-k with Securities and Exchange Commission affirms guidance for Q1 FY 2006(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:29062005

ISLANDIA, N.Y. - Computer Associates International (NYSE: CA) today filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2005. The filing includes the previously disclosed restatement of results for FY 2001 through FY 2004 and an additional adjustment to FY 2005 made necessary by the decision to restate the prior years. The Company also disclosed it has two material weaknesses in its internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of 2002.

"While the financial impact of the adjustments in FY 2005 and restatement of prior years involves relatively minor amounts in any particular year, it is important for CA to make those changes," said CA President and CEO John Swainson. "We approached our Sarbanes-Oxley efforts in the same spirit, with the intention of making CA a better company. We are...

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