US accounting standard-setters indicated Wednesday that rules for how businesses report risk management practices could warrant a closer look in their future agenda given feedback from financial statement preparers.
Financial Accounting Standards Board members analyzed public input on hedge accounting and other hot-button topics during a meeting, offering their preliminary thoughts. The wide-ranging discussion began the next stage of the agenda consultation project that FASB Chair Richard Jones has called a top priority.
“Investors could certainly benefit from more relevant financial statements that better depict the economics of the hedging practices,” FASB member Joyce Joseph said.