PracticeAuditIASB: Book share options as expense

IASB: Book share options as expense

The global standard setter yesterday agreed to account for share options as an expense, despite growing pressure for it to back down, from European, UK and US corporate bodies.

At a board meeting in London yesterday the International Accounting Standards Board reached consensus to publish a controversial draft rule on accounting for share options in the autumn with the aim of issuing a final standard in 2003.

Opposition by business has focused on the measurement method and competition issues.

European listed companies must begin reporting under IASs by 2004, but the US has still not signed up to the single set of global reporting standards with European business arguing this will create an uneven playing field.

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