The Securities and Exchange Commission requested that the Public Company Accounting Oversight Board delay issuing guidance related to backdating stock options.According to The Wall Street Journal, the PCAOB had planned to issue an alert to accounting firms about the front-burner topic, which would have advised auditors about grant issues they should examine in audits.
The regulator has reportedly asked the board to delay issuing the guidance until the commission completes its own work on a proposed rule to revamp disclosure of executive pay.
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