Re: the FASB staff's recent advice to one or more of the "big four" accounting firms that the grant date for financial measurement purposes under FAS 123(R) does not occur until the terms of the grant have been communicated to the employee
Mr. Robert H. Herz
Chairman, Financial Accounting Standards Board
401 Merritt 7, P.O. Box 5116
Norwalk, Connecticut 06856-5116
Dear Mr. Herz:
The Society of Corporate Secretaries & Governance Professionals submitted formal comments, on September 6, 2005, relating to the FASB staff's recent advice to one or more of the "big four" accounting firms that the grant date for financial measurement purposes under FAS 123(R) does not occur until the terms of the grant have been communicated to the employee. Since then, the FASB staff has issued its proposed position relating to this issue. We fully support the staff's proposal, and would like to offer a few specific thoughts about the proposed position.
See full Comment Letter
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