In a letter to Senate majority leader Bill First, SEC chairman William Donaldson argued that the decisions on stock options should be left to the Financial Accounting Standards Board.
‘I believe strongly that FASB’s consideration of this proposed standard regarding stock options should be allowed to run its full course,’ wrote Donaldson.
The Senate is currently considering proposals to water down the standard so that only the shares of a company’s top fives executives would be expensed.
Such a move could damage moves towards global convergence of standards, with the International Accounting Standards Board requiring all share options to be expensed.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements