Following its earlier decision to delay the implementation of a proposed standard to mandate stock option expensing, members of the Financial Accounting Standards Board decided that the standard will apply to private companies and small business issuers for fiscal years beginning after Dec. 15, 2005, as originally planned.

At its Oct. 19 meeting, the board decided that all nonpublic entities and small business issuers would be required to apply the final statement for fiscal years beginning after Dec. 15, 2005 - the same as the original effective date for non-public companies proposed in the exposure draft released in March of this year -- a year after the date for public companies.

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