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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 At Hearings: Support For FASB
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 7/27/2005 5:51 AM
It's on the record.

At yesterday's Senate confirmation hearings, Representative Christopher Cox was asked about the FASB option expensing rule - a natural question, given that he's supported current legislation to kill it. This from the L.A. Times:

[H]e quickly defused one of the panel's main questions about him by saying he would support a new rule that requires companies to treat stock options as an expense. "The rule is going forward," Cox said of the measure he had previously opposed.

Sounds straightforward enough. Like I've said in previous posts, what you get in an SEC chairman is not always what you expected. Let's hope that Christopher Cox surprises us on the upside as some of his predecessors have done.
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