Disclaimer backdating options

We have not yet seen a case regarding the auditor’s role litigated.

While Reyes bears a "heavy responsibility" for the scheme, Jensen falsified documents he signed, Reeves said.“It’s got to be disclosed, it’s a material fact,” says Charles Elson, director of the Weinberg Center for Corporate Governance at the University of Delaware.Stephanie Jensen, former human resources chief at Brocade Communications Systems, faces up to 20 years in prison and million in fines if convicted of falsifying records.Looks like a shareholder derivative suit in the making.The referrer of this article from states the obvious, though, when they remind us, “There are areas of a client-auditor relationship that are tricky.” I’ve written before about the auditors and options backdating.

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