Feeds

Apple exonerates Apple

That's OK, then

Eight steps to building an HP BladeSystem

An internal investigation by Apple has cleared its own current management of wrongdoing, but finds "serious concerns" with the accounting actions of two former executives, the company said today.

The company will take an additional compensation charge of $84.5m as a result of the investigation.

It's a consequence of an FASB (Financial Accounting Standards Board) rule that requires companies to account for the fair value of all non-vested stock - known as SFAS No.123.

Apple examined 42,007 option grants it made between 1997 and 2002. Of these, 6,428 fell foul of accounting regulations, bearing improper dates.

As a consequence of the investigation, Apple has recognized additional compensation expenses of $84.5m, the company said, including $4m for FY 2005 and $7m for FY2006. The company finally filed its delayed 10-Q statement for the period ending July 1 2006 and its 10-K for the fiscal year ending September 30.

You can find both documents here. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.