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Article: FASB Action Slams Growth-Oriented Small Businesses; Proposal to Mandate Expensing of Employee Stock Options Will Impede Entrepreneurship and Innovation in America.
- Article from:
- PR Newswire
- Article date:
- March 31, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARLINGTON, Va., March 31 /PRNewswire/ -- After months of urging from America's small business community to reconsider its quest to mandate the expensing of employee stock options, the Financial Accounting Standards Board (FASB) today dismissed all concerns and issued a proposal that will require stock option expensing for all companies. This proposal will result in less accurate financial statements, impede comparability and penalize rank-and-file workers. Most importantly, the proposal will seriously harm private, emerging growth companies that are highly dependent on employee stock options to recruit and retain employees as the mandatory expensing of employee stock ...