Treasurers 'extremely concerned' by IASB rules
The International Group of Treasury Associations (IGTA) says IAS 39 should not be adopted unless two changes related to currency and interest rate hedging are made to the International Accounting Standards Board’s (IASB) rule.
The first relates to treasury centre netting of foreign currency hedging. According to IGTA, IASB’s rule will lead to significant additional costs and “leave companies reporting under IAS, notably in Europe, at asignificant disadvantage
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