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Sarbanes-Oxley News & Developments
FASB Scraps Options Tax ProposalNew accounting standard will return to Statement 123 guidance.
> > The Financial Accounting Standards Board (FASB)decided to step back from a proposed rule for how companies should account for the income-tax effects of share-based compensation. In its place, FASB retained earlier guidance that allows for a simpler, portfolio-type accounting approach. This decision marked the second for the FASB under criticism from provisions of its exposure draft, Statement 123R, which proposes a mandate for expensing stock options.
Source: CFO
Published:2004-08-31
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