More Good News from the FASB
On February 15th, the FASB re-deliberated the previously proposed prohibition of returning to qualitative effectiveness testing after a change in facts and circumstances.
On February 15th, the FASB re-deliberated the previously proposed prohibition of returning to qualitative effectiveness testing after a change in facts and circumstances.
There is great news coming out of last week’s EITF meeting: Changing counterparties would NOT necessarily stop hedge accounting.