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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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Cox Seeking "Continuum?"
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 6/29/2005 7:32 AM
Another tidbit from the Financial Times: SEC Chairman nominee Christopher Cox is seeking a continuum at the SEC rather than revolution. And that means not upsetting the rules on stock option expense treatment.

According to the article:
"...people familiar with Mr Cox's thinking said he did not want to halt the FASB rules, which had been through careful deliberation. He also believed the body that wrote financial reporting standards should be free from political interference."

Strange stuff for a fellow who has sponsored three bills in his prior incarnation that imposed direct political interference on the FASB. The article was sourced from "people familiar with" Mr. Cox, and not direct statements from the man himself. Actions speak louder than words; we'll just have to see.
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