FASB proposal meets stiff opposition
Controversial plans to make companies book share options as expenses are expected to come a step closer to becoming reality in the next few days.
Bold: Glimmer of hope for banks
It is anticipated that next week will see the unveiling of a final draft of the plans by the US’ Financial Accounting Standards Board.
The idea is to tackle the use of options to make excessive payments off the books. But The Financial Times reported the move was meeting stiff resistance, particularly from technology companies.
They fear the change would introduce unacceptable volatility into accounts and impede the legitimate use of options to attract talent.