FASB Statement No. 161 & FASB Staff Position 133-1 and 45-4

In this podcast, two of our investment management partners, Richard Grueter and John Hildebrand, discuss two new FASB disclosure standards related to derivatives. Both standards have recently been getting the attention of the mutual funds industry, because they are both likely to require some effort to compile disclosures in new formats, and because both have rapidly upcoming effective dates. The new standards discussed include:

  • FASB Statement No. 161, "Disclosures about Derivative Instruments and Hedging Activities"
  • FASB Staff Position 133-1 and 45-4, "Disclosures about Credit Derivatives and Certain Guarantees".

Please tune in to this podcast to hear more about these new FASB derivatives-related disclosure standards and how they are likely to affect investment company financial reporting.

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For more information about the Professional Development Program, please contact Maryann DeJesus at +1 (816) 218 1624.