Publications

SEC Delays FASB 123R (Equity Based Compensation Accounting) Effective Date
04/18/2005

We recently reported to you on the new financial accounting rules for equity-based compensation which will require the expensing of stock options, including the effective dates for the new rules (click here to view this Management Alert). On Friday, April 14, 2005, the Securities and Exchange Commission (SEC) announced a delay in the compliance date, allowing public companies until the first fiscal year commencing after June 15, 2005 (December 15, 2005 in the case of a small business issuer) to adopt the new equity-based compensation accounting rules.