CA Investigation Leads to Firings
Computer Associates fires nine employees from its legal and finance departments due to problems that came out of the board of directors' audit committee investigation into CA accounting practices.Computer Associates International Inc. Monday said it has fired nine employees from its legal and finance departments due to problems that came out of the board of directors audit committee investigation into CA accounting practices. Four employees from the legal department and five employees from finance were let go. CA would not reveal their names.
The audit committee is expected to wrap up its investigation soon, at which time it will reveal whether it believes CA is required to restate earnings from prior quarters according to the guidelines in the SECs Generally Accepted Accounting Principles. It is also expected to reveal the extent of the restatement it believes is required.
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