Financial Accounting Blog

Wednesday, September 01, 2004

Stock Options. FASB received some help from the SEC's chief accountant when he told legislators that they should leave the topic of accounting for stock options up to the judgment of FASB.
"I believe strongly that FASB's consideration of this proposed standard regarding stock options should be allowed to run its full course,'' SEC Chairman William Donaldson reportedly wrote to Senate majority leader Bill Frist and other senators in an Aug. 19 letter.