The Accounting Standards Board.

PositionBrief Article

The Accounting Standards Board has issued guidance in the light of the European Commission's adoption of an amended version of IAS39, "Financial instruments: recognition and measurement", in November. With reference to hedge accounting, the board states that, if a firm wishes to comply with both the original and the amended standard, it can still do so by applying the hedge accounting requirements of the original standard.

In relation to the fair valuing of...

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