Provide at least one audit procedure the auditor would perform to test the chairman and CEO’s salary. What audit objective is satisfied with this audit procedure?
Chief executive officer compensation can be a material amount and is often scrutinized by regulators, analysts, competitors, and investors. For CEOs of publicly traded companies, compensation can consist of salary, bonus, stock option grants, or other stock awards that can be restricted in terms of how long the officers and directors are required to hold […]