Heads Up on stock options backdating
02 Aug 2006
On 29 July 2006 we posted a News Story on an Audit Practice Alert issued by the US Public Company Accounting Oversight Board addressing "Matters Relating to Timing and Accounting for Options Grants".
Deloitte & Touche LLP (USA) has published a (PDF 113k) reviewing the PCAOB's new guidance. The Heads Up explains what option backdating and spring-loading are, and outlines auditing considerations.