US group attacks IASB stock options rule
A powerful lobbying group in the US has attacked plans by the International Accounting Standards Board and its American counterpart to force companies to expense stock options.
Link: E&Y urges share option rethink
The IASB has received as many as 200 letters campaigning against the proposed standard, submitted by lobbying group, the International Employee Stock Options Coalition, according to reports in today’s FT.
In response, the IASB said it welcomed the letters and would consider the comments of those that disagreed with the proposal. The letters will be released after the 30 April meeting of the IASB.
However, the IASB, together with US counterpart, the Financial Accounting Standards Board are unlikely to budge on this issue.
Already global braneds like Amazon.com, Microsoft and Coke are including the cost of stock options in their profit and loss accounts.