These excerpts taken from the AAPL 10-K filed Dec 19, 2003. Danger areas
Improper or excessive payments of any of the following:
Consulting fees Public relations fees Advertising fees Legal fees Agents fees Commissions Insurance premiums Other professional fees Expense reports
Page 14
Employee bonuses or compensation arrangements Employee loans Miscellaneous expenses Nondeductible expenses Director and officer payments
Questionable payments to agents, consultants, or professionals whose backgrounds have not been adequately investigated, who do not have signed contracts or letters of engagement, or whose association with Apple would be embarrassing if exposed. Payroll-related expenditures, bonuses, awards, and non-cash gifts given to or by Apple employees without proper approval and adequate documentation. Payments made in cash. Checks drawn payable to Cash or Bearer. Transfers to or deposits in the bank account of an individual, rather than in the account of the company with which Apple is doing business. Bank accounts or property titles not in Apples name. Billings made higher or lower than normal prices or fees, at a customers request. Payments made for any purpose other than that described in supporting documents. Payments made to employees of customers or agencies through intermediary persons or organizations, or that seem to deviate from normal business transactions. Any large, abnormal, unexplained or individually approved contracts or expenditures made without review of supporting documentation. Specific attention should also be given to large individual gifts. Unusual transactions occurring with nonfunctional, inactive, or shell subsidiaries. Undisclosed or unrecorded assets or liabilities. Use of unethical or questionable means to obtain information, including information about competitors or information about government acquisition plans, procurement decisions, or actions. An employment, consulting, or business relationship between an Apple employee and another company, especially a company in the same, or a related, business as Apple. Frequent trading (buying and selling over short intervals) in Apple stock or in the stock of a company with which Apple does business.
Danger areas
Improper or excessive payments of any of the following:
Consulting fees Public relations fees Advertising fees Legal fees Agents fees Commissions Insurance premiums Other professional fees Expense reports
Page 14
Employee bonuses or compensation arrangements Employee loans Miscellaneous expenses Nondeductible expenses Director and officer payments
Questionable payments to agents, consultants, or Payroll-related expenditures, bonuses, awards, and Payments made in cash. Checks drawn payable to Cash or Bearer. Transfers to or deposits in the bank account of an Bank accounts or property titles not in Apples name. Billings made higher or lower than normal prices or Payments made for any purpose other than that Payments made to employees of customers or agencies Any large, abnormal, unexplained or individually Unusual transactions occurring with nonfunctional, Undisclosed or unrecorded assets or liabilities. Use of unethical or questionable means to obtain An employment, consulting, or business relationship Frequent trading (buying and selling over short
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