ISDA releases new standards and forms
- Five Rules Every Auditor Should Know: A Look at the ASB's Statement on Auditing Standard 92. Lange, Gerard; Grego, Michael // Review of Business;Winter2002, Vol. 23 Issue 1, p62
Talks about the 'ins' and 'outs' of Statement on Auditing Standard (SAS) 92. Examples of substantive procedures for existence or occurrence assertions about derivatives and securities; Substantive procedure for completeness assertions about derivatives and securities; Assertions about rights...
- New Derivatives Rule Has Unexpected Side Benefits. MANDARO, LAURA // American Banker;9/10/1999, Vol. 164 Issue 174, p4
Reports on the side benefits of a new accounting rule that requires companies in the United States to mark their derivatives to market. Early adoption of the rule by some banking companies to take advantage of its one-time-only offer to reclassify certain securities; Rule's prohibition of...
- Derivatives disclosure on GASB radar. McDonald, Michael // Bond Buyer;07/12/99, Vol. 329 Issue 30680, p1
Reports that the Government Accounting Standards Board will consider adopting a corporate derivatives reporting standard for the tax-exempt market. Updating of financial models for towns, counties and other issuers of tax-exempt debt.
- One world, one GAAP? Not yet! Dave, Lindorff // Global Finance;Dec97/Jan98, Vol. 12 Issue 1, p28
Reports that accounting for derivatives is hampering the adoption of one set of generally accepted accounting principles (GAAP). National pride and concerns during a meeting of the International Accounting Standards Committee; Adherence and resistance to United States financial-instruments...
- FpML Group Seeks to Expand Derivatives Franchise. Sandman, John // Securities Industry News;01/01/2001, Vol. 13 Issue 1, p27
Focuses on plans by FpML.org to make FpML the messaging standard of over-the-counter derivatives. Call for suggestions for additional asset classes that should be FpML-enabled and for which functionality should be added in succeeding versions of the protocol; Background on the development of...
- THE EFFECT OF ACCOUNTING FOR DERIVATIVES ON OTHER COMPREHENSIVE INCOME. Jones, Jefferson P.; Wilson, Arlette C.; Dyson, Robert A,; Steinberg, Joel // CPA Journal;Mar2000, Vol. 70 Issue 3, p54
Discusses how accounting for derivatives affect other comprehensive income (OCI). What the SFAS requires for items recognized under accounting standards as components of comprehensive income; How the components are created; Examples of hedges resulting in OCI; Effect of accounting for...
- New derivatives rules will make waves. CONNOLLY, JIM // National Underwriter / Life & Health Financial Services;1/18/99, Vol. 103 Issue 3, p1
Discusses the potential impact of the Statement of Financial Accounting Standards No. 133 on insurance companies. How the standard requires entity to recognize all derivatives; Comment from Ira Strassberg, a KPMG senior manager-capital markets; How the standard should be examined.
- Derivatives Standard Delayed. Haber, Carol // Electronic News;05/31/99, Vol. 45 Issue 22, p22
Reports on the decision of the Financial Accounting Standards Board to delay the implementation of derivatives and hedging standards. Expectations on the effect of the standards to businesses; Comments from several executives on the standards.
- Treasury joins critics of FASB's proposed derivatives rules. Stanton, Michael // Bond Buyer;10/16/97, Vol. 322 Issue 30253, p4
Reports that the US Treasury Department has joined the criticisms against the Financial Accounting Standard Board (FASB)'s proposed derivatives rules. Concerns raised by Treasury undersecretary for domestic finance John D. Hawke in a letter addressed to FASB chairman Edmund L. Jenkins; Utility...