The "35 day month"[1][2] was the basis of "$2.2 billion in accounting fraud"[3][4][5][6] regarding "events regarding an accounting scandal that started in 2002"[3][7] at Computer Associates.
The company's "books were routinely kept open until revenues exceeded projected goals."[8] Specifics were described as "a scheme to inflate sales and profits by pretending lucrative contracts were signed earlier than, in fact, they had been.[9] To support this violation of law, faxes of contracts were "cleaned up ... by removing time stamps .."[10]
The most immediate impact was that it "cost investors hundreds of millions of dollars,"[8] although unlike the matters of Worldcom and Enron, to which it was compared, "Computer Associates - since renamed CA Inc - did not go bankrupt."[9] An overview by the Wharton School of the University of Pennsylvania wrote that corporate directors, upon seeing signs of "35-day month ... 'the three-day window ... (and) flash period" "should be especially vigilant."[11]
Former CA Executives Charged With Fraud ... Prosecutors referred to one practice as the '35-day month' because ...
Given that the facts underlying the 35-Day Month practice at CA had ...
... to 12 years in prison for orchestrating a $2.2 billion accounting fraud at the software company... The four-year investigation of Computer Associates, now CA,
Sanjay Kumar, the former chief executive of CA Inc., was sentenced to ... in a $2.2-billion accounting fraud at the computer software company
The former chairman and CEO of a New York software company who orchestrated a $2.2 billion accounting fraud is out of ... It now operates as CA Technologies
... had closed - a practice known within the company as the "35-day month" - and "cleaned up" contracts by removing time stamps from faxes.
... termed "the 35-day month," "the three-day window" and the "flash period. ... noting that directors should be especially vigilant at such times."