Abstract The international Joint Working Group of Standard Setters (JWG) was established
by the IASC (replaced by the IASB in 2001) and other national accounting standard setters …

This study examines the change in foreign currency exposure of US-based multinational
corporations (MNCs) upon implementation of SFAS 133—Disclosure of Derivative …

The use of derivative instruments such as futures, options and swaps has become
increasingly widespread in the last twenty years, particularly among large companies in …

Fearing Enron-like financial fiascos concerning derivatives, accounting standards boards
have issued new standards aimed at promoting higher transparency and reducing …

Many banks and commentators argued that fair value accounting was the root caused the
procyclical decline in bank assets and capitals, the failures of large financial sector and …

We present an example that compares the effects on earnings of designating a foreign
currency forward contract as either a cash-flow or fair-value hedge of a foreign currency …

This study has investigated mandatory disclosure requirements of financial instruments. A
first-time adoption compliance review has been undertaken for the FTSE 100 non-financial …

Canadian researchers and policymakers, who can count the number of domestic banks on
their fingers, surely envy the research opportunity afforded by the availability of data for more …

Generally, it is presumed that an interest rate swap hedge of fixed income assets and
liabilities will be 100% effective. Specifically, SFAS-133.68 actualizes this effectiveness …

This paper concludes that we have auditors who, in general, do not understand derivatives
but who are stipulating to the accuracy of the financial reports of companies that make …