We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Auditors Told To Look Out For Backdating

Law360 (July 31, 2006, 12:00 AM EDT) -- An accounting oversight board established by the Sarbanes-Oxley Act has issued guidelines for auditors on dealing with the manipulation of stock option grants, in the wake of SEC investigations, shareholder lawsuits, corporate restatements and even criminal charges stemming from options backdating.

The guidelines issued by the Public Company Accounting Oversight Board (PCAOB) came in the form of the board’s first “Audit Practice Alert.”

The alert doesn’t introduce new policies or laws, but rather is meant to help auditors navigate the complicated practice that accounting for option...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.