Computer associates backdating contracts

Posted by / 06-Jan-2020 18:05

Computer associates backdating contracts

But CA missed its earnings estimate in the first quarter of fiscal 2001, when the company refrained from recognizing revenue prematurely, and its stock plummeted more than 43% in a single day, according to the SEC.

The trio's guilty pleas come on the heels of another former CA executive, Lloyd Silverstein, pleading guilty to obstruction of justice in January -- the same day the SEC filed a civil complaint charging him with accounting fraud.

Rivard also knew that CA customers were backdating signatures on contracts, according to the SEC.

For all of the quarters of fiscal 2000, CA prematurely recognized more than

But CA missed its earnings estimate in the first quarter of fiscal 2001, when the company refrained from recognizing revenue prematurely, and its stock plummeted more than 43% in a single day, according to the SEC.

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But CA missed its earnings estimate in the first quarter of fiscal 2001, when the company refrained from recognizing revenue prematurely, and its stock plummeted more than 43% in a single day, according to the SEC.

The trio's guilty pleas come on the heels of another former CA executive, Lloyd Silverstein, pleading guilty to obstruction of justice in January -- the same day the SEC filed a civil complaint charging him with accounting fraud.

Rivard also knew that CA customers were backdating signatures on contracts, according to the SEC.

For all of the quarters of fiscal 2000, CA prematurely recognized more than $1.4 billion in revenue from at least 116 contracts that the client or CA signed after the quarter closed, the suit claims.

I would have recommended a horizontal management structure, which places a "checks and balances" of sorts on the level of control that top management possesses.

.4 billion in revenue from at least 116 contracts that the client or CA signed after the quarter closed, the suit claims.

I would have recommended a horizontal management structure, which places a "checks and balances" of sorts on the level of control that top management possesses.

Hi - Can you please send me the link or attach the case study for me to review?

Shares of Computer Associates fell 14 cents, or 0.5%, to close Thursday at .77.

Hi MBAGrad, I am writing about `A Letter from Prison` and Computer Associates Stephen Richard`s fraud case. Please send me a link or copy and paste the case here. Stephen Richard's actions in this can be viewed as extremely serious because he used his high position of power in sales to coerce clients into boosting sales earnings by quarter.

I have difficulties to understand a few things with this case...(word does not count, I just need your opinion).1. I'll review it and provide my response later today. Hi - I can not give out my personal email, per JA policy, but you can attach it as a Word doc here by using to upload the file and then copying and pasting the link to it here. This led to "overly aggressive accounting practices" to boost their reported earnings.

Suppose you were placed in Stephen Richard’s position at Computer Associates and you were under pressure to extend the fiscal quarter. I thought I could find it easy enough, but no luck so far.

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Investigators found enough evidence to prove that the former CFO illegally facilitated the backdating of many contracts.

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