Deloitte hosts IAS 39 hedge accounting webcast

  • Webcast (mid blue) Image

06 Nov 2009

On 5 November 2009 Deloitte hosted a live webcast between The Hundred Group of Finance Directors in the UK and the IASB on the future of hedge accounting under IFRSs.

The IASB is in the early stages of a project to revise this aspect of IAS 39. The Hundred Group Finance Directors believe that input on the right principles, before a revised model is exposed for comment, is critical at this time. It is also critical that, the input is received from all global market participants, not only financial institutions who have been the focus of regulators, standard-setters, and politicians during the financial crisis. Asking questions on behalf of The Hundred Group were Cadbury, Centrica, International Power, Rio Tinto, Severn Trent, and Tomkins. The IASB Board members answering the questions were John Smith and Stephen Cooper, as well as IASB staff Martin Friedhoff and Jens Berger. The webcast was hosted by Veronica Poole, Deloitte, Head of Global IFRS Office (London) and Andrew Spooner, Deloitte, Global Head of Financial Instruments Accounting.


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