Audit Alert on Options backdating.

• Position: PCAOB News - Public Company Accounting Oversight Board - Brief article

The PCAOB has issued its first Audit Practice Alert, Matters Relating to Timing and Accounting for Options Grants, prompted by the spate of backdating reports and disclosures.

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The alert advises auditors that certain practices may have implications for audits of financial statements or of internal control over financial reporting, and discusses factors...