To Check the Box or Not to Check the Box? That is the Question
Authors
One of the disclosure requirements from the SEC’s clawback rules is a set of new checkboxes for the cover page of the Form 10-K, Form 20-F and Form 40-F, with one of those checkboxes indicating whether the financial statements included in the report reflect the correction of an error to previously issued financial statements, and another checkbox indicating whether any of the error corrections require a recovery analysis of incentive-based compensation under the company’s clawback policy. The text associated with those checkboxes is as follows:
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