The second look was prompted by an investigation conducted by its audit committee.
In addition, quarters ended Dec. 31, 2003 and Sept. 30, 2004 will be restated, BISYS indicated in a press release. These financial statements should no longer be relied upon, BISYS added.
Meanwhile, the
These regulatory matters will cost upwards of $25 million, the fund accounting giant, responsible for $210.8 billion in assets, indicated.
BISYS is currently in discussions with independent auditor