Last week, the Financial Accounting Standards Board delayed the effective date of its intended stock option expensing requirements by six months, giving compliance-weary companies and auditors more time to digest and implement new standards. At the same time, FASB members also reviewed and rejected a proposal issued by a handful of technology companies regarding how stock options should be valued.

While FASB was originally on course to adopt the stock option expensing standard by yearโ€™s end and put it into effect immediately, the Board decided at its Oct. 13 meeting to delay the effective date until after June 15, 2005. A FASB spokesman characterized the decision as โ€œa difficult balancing act.โ€