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> financial law is so complex and unapproachable one can not reliably navigate it without landing in jail, even being a seasoned professional. The CFO of the l
by morganw 13y ago
> financial law is so complex and unapproachable one can not reliably navigate it without landing in jail, even being a seasoned professional.
The CFO of the little company I worked for in the mid&late 90's said her colleagues were calling FAS 123 (draft in 1993, revised in 2004) stock option accounting guidelines from FASB the "aircraft carrier" document because of its size. The PDF http://www.fasb.org/pdf/fas123.pdf http://www.fasb.org/pdf/fas123.pdf is only a little over 100 pages, but it's some dense dense stuff and I'd guess 10x that length has been written in interpretations.