nd we wonder why sometimes our auditors don't get the accounting right...

Here is an interesting Q7A discussion on the CPAnet forum.  And we wonder why sometimes our auditors don't get the accounting right...

The questions starts with this:

Posted: June 28 2010 at 10:20pm | IP Logged

In the first section in FAR-1 of Roger, it says that FV does not apply
to stock options. Head over to the last section of FAR-1 about Financial
Instruments and Derivatives, it says all derivatives are measured at
FV. Stock options are derivatives.


I'm confused. Are stock options valued at FV or not? The book seems
to contradict itself, unless I'm half asleep (which could be the case!)

http://bit.ly/dzoRcq