The Financial Accounting Standards Board (FASB) has provided a practical expedient for private companies to reduce the complexity of determining the fair value of share-based awards.
The Accounting Standards Update (ASU), a consensus of the Private Company Council, was issued Oct. 25 in response to private company feedback FASB received about the cost and complexity of determining fair value of share-based awards, including options and restricted shares, when awards are granted or modified.
