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Does the ICAI (Institute of Chartered Accountants of India) say anything about disclosure of hedging transactions?

April 26, 2017Accountants chartered disclosure hedging icai India Institute transactions

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Does the ICAI (Institute of Chartered Accountants of India) say anything about disclosure of hedging transactions?

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The ICAI is yet to come out with some specific recommendations or accounting standard for hedging transaction. However, the RBI requires all such hedging transactions done in international markets to be supported by underlying exposures and it has to be periodically reported to the RBI.