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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, 2007, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

More Backdating Update
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 7/28/2006 8:20 AM
Just in: the Public Company Accounting Oversight Board just issued its first audit alert (ever) on none other than "Matters Related To Timing And Accounting For Option Grants."

Took a quick look: good reiteration of relevant accounting principles, good reminders of audit responsibilities. The significance, to me, is that auditors are now on notice (not that they weren't already) that they'd better be figuring on the effects of options-related matters on planned or ongoing audits. With that as part of their charge, we might get to the bottom of how widespread (or not) is the whole backdating mess when the next audit season really gets under way.
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