FASB Exposure Draft: “Disclosures about Derivative Instruments and Hedging Activities”
Friday, March 9, 2007
The Financial Reporting Committee (“the Committee” or “the FRC”) of the Institute of Management Accountants appreciates the opportunity to provide its views to the Financial Accounting Standards Board (“the FASB”) exposure draft of December 8, 2006, entitled Disclosures about Derivative Instruments and Hedging Activities: An Amendment of FASB Statement No. 133 (“the Exposure Draft” or “the ED”). FRC is the financial reporting technical committee of the Institute of Management Accountants. The Committee reviews and responds to research studies, statements, pronouncements, pending legislation, proposals and other documents issued by domestic and international agencies and organizations.