Financial Intelligence helps corporations resolve critical stock option and equity compensation issues. We managed 10 stock option restatements in 2007 alone.

Stock Option Restatements

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Financial Intelligence helps corporations resolve critical stock option and equity compensation issues.

In 2006, we started a practice group to represent management in the project-management of restatements related to multi-year stock options. Since then, we have developed a reputation as a leader in the field. We managed 10 stock option restatements in 2007 alone.

The professionals at FI work closely with management, auditors, counsel, and forensic accountants to project-manage all aspects of restatements necessary to maintain or regain SEC and NASDAQ compliance. Our application-specific data management systems enable rapid analysis of large data sets with tens of thousands of option grants and facilitate a fast-track audit review process.

We help our clients navigate through legal, accounting, audit and tax issues, including:

  • Measurement date determination
  • Fixed vs. variable accounting
  • Resolution of technical accounting issues
  • Testing, documentation and determination of accounting impact for areas related to stock option process
  • Drafting of accounting position (white) papers
  • Legal validity of grants
  • Payroll and income tax impacts
  • Financial statement roll-up and roll-forward
  • Audit process management
  • SEC disclosures (10K and other)
  • IRC 409A remediation strategy and implementation
  • Stock option internal control development
  • Calculation of compensation expense

Our proven experience in these areas, along with the leverage from our established application-specific systems, enables us to resolve issues in a fraction of the time of other alternatives. This supports efforts to quickly lock down on restated results, lead auditors through the restatement process, navigate the regulatory communication process, and complete the necessary regulatory filings.

Our proven experience in solving extremely complex and diverse revenue recognition issues allows us to resolve issues and form defensible conclusions; document conclusions to satisfy demanding audit situations; and draft disclosures and complete the SEC filings quickly.