tag:blogger.com,1999:blog-8776899.post112136855897020750..comments2024-03-06T03:15:58.539-05:00Comments on <b>THE NEW REFORM CLUB</b>: Employee Stock Options & the FASB FiascoHunter Bakerhttp://www.blogger.com/profile/14961831404331998743noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8776899.post-1121386900844000732005-07-14T20:21:00.000-04:002005-07-14T20:21:00.000-04:00At least you have an MA in economics. Imagine how ...At least you have an MA in economics. Imagine how the rest of us feel sometimes.James F. Elliotthttps://www.blogger.com/profile/16747033407956667363noreply@blogger.comtag:blogger.com,1999:blog-8776899.post-1121386453452040462005-07-14T20:14:00.000-04:002005-07-14T20:14:00.000-04:00Is there uncertainty about how to follow the rules...Is there uncertainty about how to follow the rules or fear that failure to intuit what FASB wants will lead to fines? (I assume there are penalties for not following the rules -- criminal, civil, both?) Are individual accountants liable if FASB doesn't like the way a balance sheet's been presented? <BR/><BR/>I know very little about corporate financial rules, and finding myself in the same room with Mr. Reynolds and Dr. Zycher trying to act like I'm not a moron is making me a little uneasy.Kathy Hutchinshttps://www.blogger.com/profile/11851875819094837357noreply@blogger.comtag:blogger.com,1999:blog-8776899.post-1121385533937900812005-07-14T19:58:00.000-04:002005-07-14T19:58:00.000-04:00In a simple world, it should not matter what the a...In a simple world, it should not matter what the accounting rules are, or how certain costs are treated on the books, except perhaps for varying tax implications and the like. It strikes me that the market should be able to see through the accounting veil.Benjamin Zycherhttps://www.blogger.com/profile/17947596465556707360noreply@blogger.comtag:blogger.com,1999:blog-8776899.post-1121381756768637862005-07-14T18:55:00.000-04:002005-07-14T18:55:00.000-04:00Alan -- in your view, does the appointment of Chri...Alan -- in your view, does the appointment of Chris Cox to the SEC herald any rollback of this nonsense? <A HREF="http://www.townhall.com/columnists/larrykudlow/lk20050603.shtml" REL="nofollow">Larry Kudlow is bullish on Cox</A>, but I don't know enough about the expensing rule or FASB's regulatory relationship with SEC to know if that's something over which Cox will have any direct control.Kathy Hutchinshttps://www.blogger.com/profile/11851875819094837357noreply@blogger.com