SEC:

Disclosure of Accounting Policies for Derivative Financial Instruments and Derivative Commodity Instruments

OGC-97-20: Published: Feb 25, 1997. Publicly Released: Feb 25, 1997.

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Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on disclosure of accounting policies for derivative financial instruments and derivative commodity instruments. GAO noted that: (1) the rule would amend existing rules and forms for domestic and foreign issuers to clarify and expand disclosure requirements for market risk sensitive instruments; (2) the amendments would also require enhanced disclosure of accounting policies for derivative financial instruments and derivative commodity instruments in the footnotes to the financial statements; and (3) SEC complied with applicable requirements in promulgating the rule.

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    Priority Open Recommendations:

    Department of the Treasury
    GAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

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