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FASB may delay its stock options standard until 2006

  • FASB (old) Image

02 Jul 2004

Several news reports have indicated that Robert Herz, chairman of the US Financial Accounting Standards Board, has said that FASB is considering delaying the effective date of its proposed standard on share-based payment until 2006, because companies are facing more immediate deadlines on financial reporting changes, including some imposed by the Sarbanes-Oxley Act.

FASB's proposal would require expensing of all stock options and is essentially the same as IFRS 2 Share-based Payment, which goes into effect in 2005. The Chief Accountant of the SEC is reported to favour delaying the FASB standard until 2006.

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