Options Accounting Should Follow U.S. Course.

Financial Executive, November, 2001 by Livingston, Phil

If you read this page regularly, you know I strongly support the concept of improved global accounting standards. Over the past five years, there has been a strong trend in which leading foreign public companies have converted from international or local country accounting rules to U.S. generally accepted accounting principles (GAAP). Despite this trend, there is still a need among the vast majority of foreign companies to have one set of uniform, high-quality accounting standards. That would greatly enhance the flow of capital around the world and create stronger markets for all companies.

A strong International Accounting Standards Board (IASB) can bring about this shift. The European Union has proposed that all European public companies adopt International...

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