Stock Option Review Audit Work Program

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Essential Stock Option Review Auditing Techniques

Understand and evaluate your company's stock option management process, performing tests, and investigating control weaknesses with this internal audit work program.

Project work steps include: 

  • Review existing policies and procedures for the stock option process
  • Interview key personnel to understand the process
  • Detail the testing of option grants
  • Detail the testing of option exercises
  • Detail the testing of cancellations
  • Check the last proxy statement to see if there were several late SEC beneficial ownership filings
  • Ensure that option grants are in range for appropriate grade levels
  • Look for segregation of duties in cash handling

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