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Hedge accounting sees substantial overhaul

New model enables firms to better reflect risk-management activities: IASB chief
Thursday, November 21, 2013 - 06:00
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Ong Pang Thye, who heads Audit at KPMG in Singapore, pointed out: "Airlines, shipping and other industries that have to manage significant commodity price exposures will have the most to gain from the new ability to apply hedge accounting for risk components of non-financial items - PHOTO: ICPAS

[SINGAPORE] The much-awaited new hedge-accounting model, released by the International Accounting Standards Board (IASB) in the UK on Tuesday, represents a substantial overhaul of hedge accounting - arguably the most complex accounting standard out there. IASB chairman Hans Hoogervorst said: "