May 05, 2014
From the IFRS Institute
By KPMG IFRG Limited | May 05, 2014
In the Headlines 14-06 summarizes the IASB Discussion Paper, Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging, which discusses a possible approach for macro hedge accounting. The goal of the IASB's project is to address the difficulty of faithfully representing a company's risk management activities for an open portfolio (i.e., a portfolio that changes over time) in its financial statements, which involves addressing fundamental accounting questions rather than modifying existing hedge accounting models. The comment period ends October 17.