IASB/FRSC session on hedge accounting held

SGV partners joined over 150 attendees to the recent International Accounting Standards Board (IASB) and Financial Reporting Standards Council (FRSC) session to discuss the recent exposure draft, Hedge Accounting. Led by SGV Assurance partner and FRSC Technical Resource Person Yen Abarca, the session featured discussions from IASB technical staff Martin Friedhoff and Judith Lee. Martin and Judith are both working on the project to replace the hedge accounting requirements in IAS 39 Financial Instruments: Recognition and Measurement . Following the session was an open forum to discuss questions and clarifications.