Panelist: GASB Guidelines on Swaps Could Prove Burdensome

Ackerman, Andrew
June 2006
Bond Buyer;6/29/2006, Vol. 356 Issue 32413, p6
Trade Publication
The article focuses on issues concerning the accounting and financial reporting guidance for derivatives developed by the U.S. Governmental Accounting Standards Board. According to the market participants, the reporting standards would be too burdensome on issuers who use swaps. The overhauling of the derivatives accounting and financial reporting would require issuers to provide more expansive descriptions one each of their swap agreements.


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