Second Phase of Guidance, Procedure, Systems Report for Equity Professionals Issued

The Certified Equity Professional Institute (CEPI) has released the second installment of its research study on risks and controls for equity compensation, specifically addressing exercise processes, taxes and payroll issues, and accounting issues. It is the culmination of extensive interviews, in-depth analysis and a widespread survey. These guidelines can be used by internal and external audit teams to understand the material risks and identify appropriate internal controls. The publication is open for public comment until May 17, 2007.