FASB softening stance in bid for convergence, say analysts

abacus accounting
Accounting: proposals adding up

The Connecticut-based Financial Accounting Standards Board (FASB) is putting forward a flurry of major changes to US accounting for financial instruments – most of which appear to lean heavily towards International Financial Reporting Standards (IFRS).

On February 9, the FASB released a discussion paper on hedge accounting, following exposure drafts on offsetting and loan impairments. They come after an original exposure draft from May 2010 was heavily criticised.

Analysts say the fresh

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: