The US Federal Accounting Standards Board is to introduce rules, similar to those published recently by its international counterpart, that would treat share options the same as any other form of payment, and be expensed to the balance sheet.
According to financial services firm Credit Suisse First Boston, if the rules had been introduced this year, Apple would have seen its earnings of 19 cents a share reduce by 46 cents, or 242%.
It is thought that technology companies, which have traditionally relied heavily on share options as a form of payment, will be hit hardest by the changes.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016