PracticeAuditFASB attacked over share options standard

FASB attacked over share options standard

FASB chairman Robert Herz has been attacked by senators and business leaders over plans to force companies to expense for stock options.

Link: Stock options battle set for Capitol Hill

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.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

2d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

1w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor