Panels May Have Concerns About GASB Derivatives Guidance

Hume, Lynn
May 2006
Bond Buyer;5/11/2006, Vol. 356 Issue 32379, p5
Trade Publication
The article reports on the concerns raised by four Government Finance Officers Association committees about the Governmental Accounting Standards Board's issued preliminary views document on accounting and financial reporting guidance for derivatives in New York. The committees had expressed that the board's proposed criteria for determining if derivatives were being used as effective hedges had appeared to be arbitrary and should be more market-based.


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