Financial Accounting Blog

Thursday, January 22, 2004

The Debate Over Expensing Stock Options Continues reports that SEC commissioner, Paul Atkins, has thrown himself into the debate over the expensing of stock options and is questioning the expected ruling from FASB.
Speaking at an American Enterprise Institute conference on expensing stock options, commissioner Paul Atkins said he feared the Financial Accounting Standards Board (FASB) was moving toward a proposed rule for political reasons, not accounting ones, according to Reuters.

"I'm not sure that the presented fix doesn't create more problems than it actually solves," Atkins reportedly said, emphasizing that he was speaking personally and not on behalf of the SEC.