Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 20, Problem 27DQP
a.
To determine
Locate annual proxy statement and summary of CEO compensation for 2017 and identify the total amount and component of the chairman and chief executive officer’s total compensation from DEF 14A Filing from SEC’s website.
b.
To determine
State one
c.
To determine
State one audit procedure the auditor would perform to test occurrence objective related to the awarding of the chairman and CEO’s stock awards and stock option/stock appreciation rights (SAR).
d.
To determine
Identify the auditor test for fair value estimation of the stock option /stock option rights.
e.
To determine
Explain the importance of balance related presentation audit related objective for stock based compensation.
f.
To determine
Locate CEO pay ratio section and identify the ratio of CEO pay to median employee for 2017 and summarize the methodology used to calculate ratio
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Students have asked these similar questions
Which of the following documents will contain information about the compensation for Directors of a public company:
The 10Q
The Proxy Statement
The Annual Report
The outside Auditors Report
Suppose you were a member of Company A’s board of directors and chairperson of the company’s compensation committee. What factors should your committee consider when setting the CEO’s compensation? Should the compensation consist of a dollar salary, stock options that depend on the firm’s performance, or a mix of the two? If “performance” is to be considered, how should it be measured? Think of both theoretical and practical (that is, measurement) considerations. If you were also a vice president of Company A, might your actions be different than if you were the CEO of some other company?
Rules recently established by the Securities and Exchange Commission include a "say on pay rule that requires:
Multiple Choice
Audit committee review of executive compensation.
Nonbinding shareholder votes on executive pay.
Compensation committees as a part of corporate boards.
Detailed disclosures of executive compensation.
Shareholder votes on dividends declared.
Chapter 20 Solutions
Auditing And Assurance Services
Ch. 20 - Prob. 1RQCh. 20 - Prob. 2RQCh. 20 - Distinguish among a payroll master file, a W-2...Ch. 20 - Prob. 4RQCh. 20 - Prob. 5RQCh. 20 - Prob. 6RQCh. 20 - Prob. 7RQCh. 20 - Prob. 8RQCh. 20 - Prob. 9RQCh. 20 - Prob. 10RQ
Ch. 20 - Prob. 11RQCh. 20 - Prob. 12RQCh. 20 - Prob. 13RQCh. 20 - Prob. 14RQCh. 20 - Prob. 15RQCh. 20 - Prob. 16.1MCQCh. 20 - Prob. 16.2MCQCh. 20 - Prob. 16.3MCQCh. 20 - Prob. 17.1MCQCh. 20 - Prob. 17.2MCQCh. 20 - Prob. 17.3MCQCh. 20 - Prob. 18.1MCQCh. 20 - Prob. 18.2MCQCh. 20 - Prob. 18.3MCQCh. 20 - Prob. 19DQPCh. 20 - Prob. 20DQPCh. 20 - Prob. 21DQPCh. 20 - Prob. 22DQPCh. 20 - Prob. 23DQPCh. 20 - Prob. 24DQPCh. 20 - Prob. 25DQPCh. 20 - Prob. 26DQPCh. 20 - Prob. 27DQPCh. 20 - Prob. 28C
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