The PwC global network of firms submitted comments on the IASB's discussion paper, Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging. We do not support an accounting model with a scope focused on Dynamic Risk Management. We support an accounting model for hedges of open portfolios that has all of the following characteristics:
We also encourage the board to consider exploring other accounting models to address alternative risk management approaches of open portfolios.
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