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Sarbanes-Oxley News & Developments
Even for Europe, Two Sets of StandardsBanks will have a choice between two sets of rules for hedge accounting for derivatives.
> > Under the compromise, the EU approved less onerous requirements under International Accounting Standard 39 (IAS 39), the rule for treating derivatives investments. However, individual EU states would be able to permit their banks to use tougher provisions that comply with U.S. accounting rules.
Source: CFO
Published:2004-10-05
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