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BISYS, a property-casualty insurance outsourcing firm, said an internal investigation resulting from questions about its accounting will result in a restatement of earnings going back to 2002.

BISYS said its restatement would reduce reported revenues, operating earnings, and net income in quarterly and annual periods prior to fiscal 2004. It would “modestly” increase previously reported revenues, operating earnings and net income in fiscal year 2004 and the first two fiscal quarters of 2005. Cash flows are not expected to be affected.

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