Intuit Inc. announced that the Securities and Exchange Commission has closed its investigation into the software maker's stock option accounting practices without taking any punitive action.The SEC began its Intuit inquiry in June and in August, Intuit announced that based on its internal investigation of the handling of its stock options dating back to 1997, it wouldn’t need to restate past profits.
The U.S. Attorney's office subpoenaed Intuit for information relating to its stock options around the time that the SEC began its investigation, but Intuit said in a statement that the office hasn't sought additional information since the company passed along the findings of its internal review.
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