Financial Times FT.com

IFRS handling of derivatives leads to 'misleading' results

By Barney Jopson in London

Published: September 4 2005 22:01 | Last updated: September 4 2005 22:01

Discontent is growing among UK companies over international accounting standards on derivatives, the source of a long-running spat between standard setters and the European Commission.

The Association of Corporate Treasurers, which represents many UK company accountants, says the IAS 39 accounting standard is out of step with valid hedging techniques and leads to "misleading" results.

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