...Richard Raeburn The author, chief executive of the Association of Corporate Treasurers, looks ahead at two challenges of 2004 in the continuing arguments over international financial reporting rules on financial instruments, which he believes will create inconsistencies in banking accounts...

..., and the rest regulators and public officials such as central bankers. Table I shows this year’s Top Ten with the previous year’s ranking in brackets. Top of the list are complex financial instruments, specifically credit derivatives, closely followed by the risk of loan losses, an extended period...

... that enable users to assess the entity’s objectives, policies and strategies for holding or issuing financial instruments” (ASB, 1998, para. 1). The standard is effective for accounting periods ending on or after, 23 March 1999. FRS 13 requires publicly traded entities, and all financial institutions other...

... the resulting reports will be complex and require well‐trained professional analysis to both understand them and to explain them. © MCB UP Limited 2003 Accounting standards Financial reporting Financial instruments Audit committees David Damant I find myself in some difficulty...