Computer Associates (CA) has posted its Form 10-K for the year ended 31 March 2005 with the Securities and Exchange Commission. Included in the report are two material weaknesses identified by the company.

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 restatement and adjustment have no impact on cash flows and have no material impact on total assets and stockholders' equity for the affected periods.

Pursuant to Section 404 of the Sarbanes-Oxley Act, CA identified to material weaknesses.

Firstly a deficiency in internal control over financial reporting relating to the Company's restatement of its financial results.

Secondly a deficiency in maintaining an effective control environment in its Europe, Middle East and Africa (EMEA) operation.

Upon identifying these control deficiencies, we have acted swiftly and decisively to implement the changes necessary to correct the problems, said CA Chief Financial Officer Bob Davis. "We have made substantial progress and will work diligently over the coming months to complete the task."

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