The financial crisis has sharpened focus on accounting treatment of financial instruments. The accounting approach can influence investor appreciation of risk exposures associated with complex financial instruments. Treatment of the accounting for financial instruments also represents an area of potential differences between U.S. GAAP and IFRS, and investment professionals should understand the potential consequences of these toward the ongoing convergence of global financial reporting.

IASB representatives Patrick Finnegan, CFA, (IASB Board Member) and Sue Lloyd (IASB Senior Technical Adviser) give a presentation moderated by J.P. Morgan’s Dane Mott, CFA, in which the IASB’s approach to financial instrument accounting is reviewed.

This is a recording of a live event that occurred on Tuesday, 3 November 2009.

Please note that text may be difficult to read in this recording.