The new rules, which FASB agreed to at a meeting last month, will see companies required to deduct the cost of share-based payments from profits when the final standard is produced around April next year.
However Republican senator Michael Enzi said he was ‘dissappointed in the appearance that everything has already been decided,’ the Financial Times reported. He also urged Herz to consider the impact the new rules may have on the US economy.
Other opponents at a debate on the subject were venture capitalist John Doerr and former Netscape head Jim Barksdale.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned