Deloitte comment letter on hedge accounting exposure draft
09 Mar, 2011
Deloitte's IFRS Global Office has submitted a letter of comment on Exposure Draft ED/2010/13 Hedge Accounting.
We express our support for the IASB's project to reform financial instrument accounting, but we also note concerns about some of the detailed requirements in the exposure draft. The following is an excerpt from the letter:
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Although generally supportive of the ED, we have concerns with a number of the proposed detailed requirements, including, but not limited to, the effectiveness threshold, the recognition of time value of options, the prohibition on hedge accounting for risks that affect only other comprehensive income and the presentation of fair value hedges. |
Click to Download our Comment Letter (PDF 168k). All of our past comment letters are here.
