Companies that have stock option plans include a footnote in their financial statements that describes the plan

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Companies that have stock option plans include a footnote in their financial statements that describes the plan and states the number of options for shares authorized, granted, exercised, and expired, the option prices, and the market prices of the stock on the grant and exercise dates.

As this information is not a part of the accounting records, what is the auditor's responsibility for it? If you feel audit procedures should be employed, list those that you think should be applied.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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