Citrix Systems’ stock will remain listed on the Nasdaq, until the exchange’s Listing and Hearing Review Council completes a review of why the software vendor has missed a deadline for filing a quarterly financial report.

Citrix has been conducting an internal review by its board of directors of its stock option grants. In the process, it has missed filing several of the quarterly reports, which are required by Nasdaq of its listed companies.

According to Citrix, the Nasdaq council will review its July 16 decision, which granted the company’s request for continued listing provided Citrix was current with its filings before Aug. 30. The council has asked for an additional submission from Citrix by Sept. 28.

Last June, Citrix reported that it had found likely evidence of accounting issues with its stock option grants from 1996 to mid-1998. Citrix said it planned to restate financial statements and reports from in 2004 and 2005, and for quarterly periods in 2005 and 2006. The company reported that it seemed to have made several errors, among them delays in getting written approval for the stock option grants and incomplete adherence to grant procedures.

According to a published report on the latest notification from Nasdaq, Citrix plans to file annual and quarterly reports with the Exchange as soon as possible after a previously announced meeting with the Securities and Exchange Commission’s office of the chief accountant.

“After completion of its investigation, the Audit Committee of the company’s Board of Directors concluded that there was no intentional wrongdoing by any current executive of the company in connection with the company’s stock option grants and procedures during the period under review (1996-2006),” the company said in a July statement.

Also in July, Citrix reported second quarter fiscal 2007 revenues were $334 million, compared to $275 million in the same period a year earlier, an increase of 21%. Product license revenue grew 16% for the same periods, and revenue from license updates was up 18%. The big jump was in online revenues up 47% to $52 million total. Technical services revenue grew 22%.