True to their word, opponents of the controversial new accounting rule requiring public companies to report stock options as an expense are mounting their final stand in Congress.
Two California members of Congress have introduced a measure that would order the Securities and Exchange Commission to trump the rule adopted by the Financial Accounting Standards Board. The resolution, under review by the Financial Services Committee of the House of Representatives, would simply require enhanced disclosures of stock options, and would mandate an impact study over a three-year period.
