Washington (May 12, 2004) -- In testimony defending their controversial plan to mandate the expensing of employee stock options, top officials from the Financial Accounting Standards Board dismissed suggestions that the proposal has already had a chilling effect on small business growth.

Rather than discouraging business growth, expensing employee stock option compensation will “enhance the efficiency of capital allocation in our markets” and promote “the growth and stability of the U.S. economy,” FASB chairman Robert H. Herz told members of a House Financial Services Subcommittee.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access