FASB agrees to delay its stock options standard

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14 Oct 2004

The US Financial Accounting Standards Board has voted to delay the effective date of its proposed standard on accounting for equity-based compensation by six months – to interim or annual periods beginning after 15 June 2005. Therefore, an entity would apply the final statement to all employee awards of share-based payment granted, modified, or settled in any interim or annual period beginning after 15 June 2005. FASB's exposure draft would require recognition of an expense for all equity-based compensation, including stock options.

The proposal, as modified as a result of consideration of comments received, is similar though not identical to IFRS 2 Share-based Payment, which is effective for financial years beginning on or after 1 January 2005, with earlier application encouraged.

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