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| Home Depot Review Finds Unrecorded Options ATLANTA -- An internal review at The Home Depot Inc. found about $10 million in unrecorded stock option expense, the nation's largest home improvement store chain said Friday, according to The Associated Press. The Atlanta-based company said the amount is not material and it does not plan to restate any of the past year's financial results, the AP reported. Home Depot said it conducted a review of its stock option grant practices and procedures since 1996, the AP reported. Asked if someone or something prompted the review, spokesman David Sandor repeated a company statement that Home Depot "is committed to high standards of corporate governance and transparency in its reporting practices,” the AP reported. -- NYSSCPA.org News Staff Posted on 6/16/06 |
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