The Securities and Exchange Commission is looking at an early March timetable in which to offer companies guidance on stock option expensing. According to The Wall Street Journal, SEC chief accountant Don Nicolaisen said that the regulator is close to making a decision on how much leeway to grant companies in applying the options-expensing standards. "But in early March, we'd like to be in a position to at least express key views on what our thinking is," Nicolaisen said. The protracted battle to expense options has come under intense lobbying pressure from pro-options groups, the high-tech sector and lawmakers with large constituencies affected by the options rule issued by the Financial Accounting Standards Board. Last year, the House, led by Rep. Richard Baker, R-La., overwhelmingly passed its own version of options expensing that requires that options be expensed only for a company's top five executives. Last fall, some 50 senators requested that the SEC delay implementing the rule until the regulator could provide valuation guidance.
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Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.
10h ago -
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
April 18 -
Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.
April 18 -
Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.
April 18 -
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.
April 18 -
Ernest John Nedder, a partner and chief strategy officer at RSM US, will be the next CEO of the RSM International network, succeeding Jean Stephens on June 1.
April 18