Computer Associates is negotiating a resolution to a two-year accounting probe with the Justice Department and the Securities and Exchange Commission that would involve a rarely used form of probation, the Wall Street Journal reports Monday. Computer Associates is being investigated for allegedly improperly booking $2.2 billion in revenues (JURIST's Paper Chase has background on the probe).

According to the WSJ report [subscription required], in order to resolve the investigation, Computer Associates will also likely pay a fine, accept appointment of an independent monitor of its accounting practices, and provide information and assistance to prosecutors in reclaiming compensation granted to executives implicated in the fraud. Reuters has more.