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Comment: Targeted improvements to accounting for hedging activities

Grant Thornton LLP appreciates the opportunity to comment on the FASB’s proposed Accounting Standards Update (ASU), Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. We support the board’s efforts to improve financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements, and to simplify the application of hedge accounting guidance in US GAAP.