The AFL-CIO wants to know more about the role that the major accounting firms might have played in the handling of stock options grants the government is now investigating.
In letters sent last week, the labor federation -- one of the largest shareholders in public companies with more than $400 billion in assets -- asked the Big Four accounting firms to provide information on their potential involvement as outside auditors for companies now under federal investigation for possible rigging of option grants to boost their value to the recipients.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access