Stock option backdating illegal

This exists when a properly designed control does not operate as designed, or when the person performing the control does not possess the necessary authority or qualifications to perform the control effectively.

stock option backdating illegal-35stock option backdating illegal-71stock option backdating illegal-21

Corporations typically are characterized by the issuance of freely transferable who has satisfied the education, experience, and examination requirements of his or her jurisdiction necessary to be certified as a public accountant.

State Boards for Public Accountancy and the and paid by reason of the death of the insured.

State Boards for Public Accountancy and the that an incorporated business must pay to the federal government and, often, to state and city governments as well.

Form of doing business pursuant to a charter granted by a state or federal government.

(Although most death benefits are paid at termination of life, certain plans now pay accelerated death benefits while the insured is still alive, i.e.: an AIDS patient might possibly receive accelerated death benefit) General provides that payments to the annuitant be postponed until a number of periods have elapsed.

This exists when a control necessary to meet the control objective is missing or an existing control is not properly designed so that even if the control operates as designed, the control objective is not always met.

Substantive tests of financial information which examine relationships among data as a means of obtaining evidence.

Such procedures include: (1) comparison of financial information with information of comparable prior periods; (2) comparison of financial information with anticipated results (e.g., forecasts); (3) study of relationships between elements of financial information that should conform to predictable patterns based on the entity's experience; (4) comparison of financial information with industry norms.

Employee benefit plan authorized by Internal Revenue Code section 401(k), whereby an employer establishes an account for each participating employee and each participant elects to deposit a portion of his or her salary into the account. This is the most common type of salary reduction plans.

Tags: , ,