New York (May 26, 2004) - When the Financial Accounting Standards Board issues an exposure draft for comment, it usually hears back from a relatively small number of experts - but that isn't the case with its recent ED on expensing stock options.
Since the opening of the comment period on March 31, FASB has received close to 2,000 comment letters from employees at all levels of Cisco Systems, one of many technology companies that wants the accounting standards-setter to back off on its proposal to mandate expensing, for fear that they will lose a valuable (if unvalued) employee incentive.
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