Explain what is meant by backdating and repricing of stock

Assignment Help Accounting Basics

Reference no: EM133553321

Assignment: Backdating & Repricing of Stock Options

Instructions

The backdating and repricing of stock options became a huge public issue last decade, almost immediately after the WorldCom and Enron scandals rocked the business world, which resulted in the passage of the Sarbanes-Oxley Act of 2002. ?The timing of this backdating and repricing of stock options occurred in the years that followed the Internet stock market bust in 2000 and 2001, followed closely by the events of September 11, 2001.

In responding to the questions related to this case, be sure to provide references?for all sources you used.? Your answers to this case study should be 5 pages in total, including cover and reference pages.? The body of the paper, which must be at least 3 pages in length, should be double-spaced.? Make a copy of each question below and place the questions into the body of your paper in bold-type, so that we can both see that you have addressed each one of the questions in your submission.

Task

Question I. Explain in detail what is meant by the backdating and repricing of stock options.? Be specific.

Question II. Conduct research regarding a SEC investigation of Apple backdating its stock options and the deposition of Steve Jobs.? Summarize in your own words the results of that disposition.? Did anyone at Apple get into trouble with the SEC in regards to the backdating of the stock options?? If so, who and why?

Question III. Comment on the ethics of backdating stock options. ?Summarize the best and most authoritative literature you can find on this subject.? Do you believe that either the backdating or the repricing, or the combination of backdating and repricing at the same time, constitutes an act of fraud? Why or why not?? Be specific.

Reference no: EM133553321

Questions Cloud

What is the most important function of a good manager : What is the most important function of a good manager? Why does it matter to you to learn about principles of management?

Differing social worker vs client beliefs systems : What would be an example of how you could proceed with understanding differing social worker vs client beliefs systems?

How much is huskie corporation taxable income for : Feeling overwhelmed by your diploma assignment? Don't worry, we're here to help! Our team of experienced experts can provide you with the personalized

How you might take a different approach to your colleagues : Explain how you might take a different approach to your colleagues' identified situations.

Explain what is meant by backdating and repricing of stock : Explain in detail what is meant by the backdating and repricing of stock options.? Did anyone at Apple get into trouble with the SEC in regards to backdating?

Organisational commitment and employee performance : How does your proposed research add value to the research already carried out, i.e. the contributions of your research

People unaware of privilege and inequality : According to McIntosh, how are White people generally taught to think about their lives? Whose interest does keeping people unaware of privilege and inequality

Enter the impact of each transaction on individual items : Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign.

Formulate new operations strategy for selected organization : Formulate a new operations strategy for the selected organization based on the four competitive priorities (cost, quality, time, and flexibility).

User Account

All Pages