Audit Alert on Options backdating.
The PCAOB PCAOB Public Company Accounting Oversight Board has issued its first Audit Practice Alert, Matters Relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc Timing and Accounting for Options Grants, prompted by the spate of backdating Predating a document or instrument prior to the date it was actually drawn. The negotiability of an instrument is not affected by the fact that it is backdated. 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 relevant in assessing the risks related to these matters.
Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. Staff Audit Practice Alert No. 1 at www.pcaob.org/News_and_Events/News/2006/07-28_Release.pdf.
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